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Barchart
Barchart
Amit Singh

Qualcomm Joins the AI Race: Is QCOM a Must-Buy Stock?

Qualcomm QCOM AMD Nvidia

Qualcomm (QCOM) is stepping into the artificial intelligence (AI) arena, a space dominated by Nvidia (NVDA) and Advanced Micro Devices (AMD). Long known as a dominant player in smartphone chips, Qualcomm launched two new AI-focused accelerators targeting the data center market.

The company’s announcement of its AI200 and AI250 accelerators sent its stock soaring 11.1% on Oct. 27, reflecting renewed investor confidence that Qualcomm may be poised for a new phase of growth beyond mobile.

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