Can the Snapdragon X2 Elite PC Chip Be a Trump Card for Qualcomm?

Core Insights - Qualcomm has launched two new AI chips, Snapdragon X2 Elite and Snapdragon X2 Elite Extreme, aimed at enhancing multitasking capabilities in Windows PCs, featuring multi-day battery life and advanced AI functionalities [1][7]. Product Features - The Snapdragon X2 Elite chip utilizes the 3rd Gen Qualcomm Oryon CPU, offering up to 31% faster performance at ISO power and up to 43% lower power consumption compared to its predecessor [2]. - Snapdragon X2 Elite Extreme is designed for ultra-premium devices, delivering up to 75% faster CPU performance than competitors, with a boost frequency of 5 GHz for single-core operations [2][3]. Technical Specifications - Snapdragon X2 Elite features a 128-bit memory interface with a bandwidth of 152 GB/s, while the X2 Elite Extreme has a 192-bit memory interface providing a higher bandwidth of 228 GB/s [3]. Industry Context - Intel is expanding its manufacturing capacity to enhance its position in the AI sector, with its Xeon 6 processors designed to support large AI workloads [4]. - NVIDIA is gaining traction in enterprise AI, with its DGX Cloud AI infrastructure seeing increased adoption across various industries [5]. Financial Performance - Qualcomm shares have increased by 0.5% over the past year, while the industry has seen a growth of 47.2% [6]. - The company's shares currently trade at a price/earnings ratio of 14.61, which is lower than the industry average of 36.51 [8]. - Earnings estimates for 2025 have risen by 1.2% to $11.89 per share, and for 2026, estimates have increased by 0.4% to $11.88 [9].