Qualcomm Surges 11% After Announcing New AI Chips To Compete With Nvidia In Data Centers

Benzinga

Qualcomm unveiled AI accelerator chips for data centers, entering Nvidia’s domain with power-efficient inference systems launching in 2026–27. Shares jumped 11% as the company pivots from mobile to AI-driven infrastructure.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Qualcomm announced new AI accelerator chips marking its entry into the data center market

00:06dominated by NVIDIA, then according to CNBC. Stock rose 11% after the news as the company

00:11shifts from mobile semiconductors to full liquid-cooled server rack systems,

00:15launching in 2026 and 2027. Qualcomm said its chips will focus on inference rather than trading,

00:22targeting lower power consumption and cost efficiency compared to rival GPUs.

00:26The company said its rack systems use roughly 160 kilowatts, similar to NVIDIA's,

00:31and offer up to 768 gigabytes of memory. Kinsey estimates at nearly $6.7 trillion

00:36will be invested in data centers by 2030, with most spending directed toward AI chip-based systems.

00:42For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended