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Wajeeh Khan

Qualcomm Is Going Head to Head with Nvidia on New AI Chips. Should You Buy QCOM Stock Here?

Qualcomm QCOM Nvidia

Qualcomm (QCOM) stock rallied as much as 20% to a new 52-week high on Oct. 27 after the semiconductor company announced plans of launching two new artificial intelligence (AI) chips. 

According to its press release, the “AI200” will be commercially available starting next year, while the even more powerful “AI250” will take another year to hit shelves. 

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