Amazon CEO Andy Jassy said earlier this year that the Washington-based company could shrink its workforce by embracing AI. The firm is part of a cohort of large-cap companies that have seen their AI-related productivity increase as the technology becomes mainstream.

Qualcomm entered the datacenter AI chip market with 2026-2027 products and a $1 billion Saudi deal despite specs trailing competitors.

New rack-based AI acceleration hardware is being positioned as a cost-effective and straightforward way to power AI inference workloads

CNBC’s Sara Eisen and Qualcomm CEO Cristiano Amon join 'Squawk Box' to discuss the release of its new AI accelerator chips, partnership with Saudi Arabia’s Humain, state of the AI chip race, and more.

Investing.com - Qualcomm shares were lower in premarket U.S. trading on Tuesday, after the stock surged by over 11% in the prior session on the chipmaker’s unveiling of two new inference-optimized chips designed for data center artificial intelligence.

These are Qualcomm's next-generation AI inference-optimized solutions for data centers, and they bring with them support for gobs of memory.

Qualcomm’s new AI accelerators compete with systems from Nvidia and Advanced Micro Devices. Both stocks were unmoved by Qualcomm’s announcement, with each closing up nearly 3% on the day. U.S.-listed shares of Novartis declined 2.8% after third-quarter earnings from the Swiss drugmaker disappointed.