Qualcomm (QCOM) storms into the AI chip market – and the stock market cheers!
Qualcomm's push into AI chips for data centers is the right response to NVIDIA's overwhelming dominance and opens new growth paths beyond the smartphone market!
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The presentation of the new AI chips AI200 and AI250 for data centers has catapulted Qualcomm's stock up an impressive 17% – and for good reason. I see this as a decisive step by the smartphone chip giant to establish itself in the multi-billion-dollar AI infrastructure market and to reduce dependence on the volatile smartphone business. With the $2.4 billion acquisition of Alphawave in June and the strategic partnership with NVIDIA , Qualcomm has already set important milestones. What I find particularly interesting is that the chips are...
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