Qualcomm announced the release of two new AI chips for data centers next year, marking a move away from the stagnant smartphone market and resulting in a 20% increase in shares. The chips, AI200 and AI250, are designed for improved memory capacity and running AI applications, available in 2026 and 2027. Global investment in AI chips has increased as cloud providers, chipmakers, and enterprises invest in infrastructure to support complex AI tools. Qualcomm’s new chips support common AI frameworks and offer cost-savings for enterprises, competing against Nvidia and AMD in the data center market. Humain, an AI startup backed by Saudi Arabia’s sovereign wealth fund, will deploy 200 megawatts of Qualcomm’s new AI racks starting in 2026. Qualcomm is diversifying its business beyond smartphone chips, entering the personal computer market to reduce dependency on smartphone sales.

Read more at Yahoo Finance: Qualcomm announces new AI chips in data center push, shares surge