Qualcomm Stock Is Soaring Today After Chipmaker Makes a Big AI Move

Qualcomm is joining the competition to supply chips for AI data centers.

Qualcomm (QCOM), which has largely focused on chips for mobile phones, laptops and other consumer devices to date, on Monday unveiled two AI accelerator chips for data centers: the AI200, which is set for release in 2026, and the AI250, which is planned for 2027.

Shares of Qualcomm were up more than 13% in recent trading, pacing gainers in the S&P 500 and Nasdaq Composite. With Monday’s gains, they’ve added about one-quarter of their value in 2025.

Qualcomm’s expansion into the market for data center chips comes as a growing number of companies look to capitalize on booming demand for AI with products catering to data centers. The share prices of many of those companies have surged, helping power the broader stock market to record highs.

The move marks a big step for Qualcomm, which said that it will be committed to a data center roadmap with an annual cadence for major releases or updates going forward.

It could also mean more competition for leading AI chipmakers such as Nvidia (NVDA) and Advanced Micro Devices (AMD), with several analysts suggesting in recent weeks that they see Nvidia’s dominant market share diminishing over time as competition and demand grows.

Shares of Nvidia were up 2.5% in recent trading amid a broader market rally, while AMD shares were up slightly after hitting an all-time high at the open.

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