Qualcomm Inc. shares rose to their highest price in 15 months after the company unveiled chips and computers for the lucrative AI data center market, aiming to challenge Nvidia Corp. in the fastest-growing part of the industry.

Qualcomm is evolving from a smartphone chipmaker to a comprehensive AI technology leader. The transition won’t happen overnight, but the strategy appears appealing and the timing is favorable.

Qualcomm has launched its AI200 and AI250 data center chips, marking a major leap into large-scale artificial intelligence infrastructure.

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 Saudi AI deal with Humain may seem like a win, but the real battle is against Nvidia in the AI chip market.

The company is launching chip-based AI accelerator cards for AI inference and data center racks, and is counting Saudi Arabian AI firm Humain as its first customer.

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.