Qualcomm Unveils New AI Data Center Chips

3 months ago

Carol Masser

"Qualcomm. Qualcomm, ticker QCOM. So, this is good news. Shares jump 11%. That\'s the biggest 1-day gain since April, the highest level in 15 months. So, basically, they unveiled a new lineup of AI data center chips and computers, taking aim squarely at Nvidia. So, the new lineup will start shipping next year. Their first customer will be a Saudi Arabian startup. I think there\'s more story there, but we may not have time for now."

The commentary highlights Qualcomm\'s strong performance as shares jump 11% on the news of a new AI data center chip lineup aimed at competing with Nvidia. The speaker notes the upcoming shipment next year and mentions a Saudi Arabian startup as the first customer.

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