Qualcomm shares jumped 11.1% after the company announced it will release artificial intelligence accelerator chips. The move positions the company as a new competitor to Nvidia and AMD, in the expanding market for equipment related to AI data centers.
Qualcomm stated that its AI200 and AI250 chips will launch in 2026 and 2027, respectively. These data center chips are built on AI components already used in Qualcomm’s smartphone chips.
Durga Malladi, SVP & GM of Technology Planning, Edge Solutions & Data Center at Qualcomm Technologies, told investors, “Our rich software stack and open ecosystem support make it easier than ever for developers and enterprises to integrate, manage, and scale already trained AI models on our optimized AI inference solutions. With seamless compatibility for leading AI frameworks and one-click model deployment, Qualcomm AI200 and AI250 are designed for frictionless adoption and rapid innovation.”
Speaking to the media following the release, Qualcomm CEO Cristiano Amon stated that energy efficiency and lower operating costs differentiate his company’s offerings.
The announcement coincided with the company’s statement about a transformative collaboration to deploy advanced AI infrastructure in Saudi Arabia, ahead of the 9th edition of the Future Investment Initiative (FII) conference.
Amon stated, “By establishing advanced AI data centers powered by Qualcomm’s industry-leading inference solutions, we are helping the Kingdom create a technology ecosystem that will accelerate its AI ambitions of becoming a hub of intelligent computing. Together with HUMAIN, we are laying the groundwork for transformative AI-driven innovation that will empower enterprises, government organizations and communities in the region and globally.”
Qualcomm is anticipated to report quarterly earnings of $2.87 per share at the end of the month, reflecting a 6.7% increase compared to the previous year.
Read CEO North America’s exclusive interview with Cristiano Amon, CEO of QualComm
By CEO NA Editorial Staff
