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 ...

Qualcomm (QCOM) shares soared more than 20% Monday before closing the day out up 11% after the company announced it is entering the data center market 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 t ...