Qualcomm headquarters in San Diego, California (Photographer: Ariana Drehsler/Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Qualcomm Inc. kicked off its biggest stock rally since 2019 after unveiling chips and computers for the lucrative AI data center market, aiming to challenge Nvidia Corp. in the fastest-growing part of the industry.

The company’s new AI200 lineup will start shipping next year, Qualcomm said on Monday. The first customer will be Saudi Arabia’s AI startup Humain, which plans to deploy 200 megawatts’ worth of computing systems based on the chips starting in 2026.

Qualcomm is trying to break into the market for AI accelerators, which are used to create and run artificial intelligence models. It’s an area that’s already transformed the semico

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