Qualcomm (QCOM) shares soared more than 20% Monday as the company announced it is diving into the data center with the launch of its new AI200 and AI250 chips and rack-scale server offerings. The move puts Qualcomm into direct competition with the likes of Nvidia (NVDA) and AMD (AMD), as the company seeks to stake its claim to a portion of the multibillion-dollar data center market. Available beginning in 2026, the AI200 is both the name of Qualcomm’s individual AI accelerator and the full server rack it ...