Qualcomm ups its game in AI, sending its stock toward a 15-month high

Core Insights - The company is launching chip-based AI accelerator cards aimed at AI inference and data center racks [1] - Saudi Arabian AI firm Humain is identified as the company's first customer for these products [1] Company Developments - The introduction of chip-based AI accelerator cards signifies a strategic move into the AI hardware market [1] - Partnering with Humain highlights the company's focus on expanding its customer base in the AI sector [1] Industry Trends - The demand for AI inference solutions is growing, indicating a robust market opportunity for companies developing specialized hardware [1] - The collaboration with an AI firm in Saudi Arabia suggests a potential for international expansion and partnerships in emerging markets [1]