Qualcomm Just Entered AI Chip Race. Can it Catch AMD and Nvidia?

Core Viewpoint - Qualcomm's shares surged over 11% in a single trading session following the announcement of its entry into the AI chip market, positioning itself against major competitors like AMD and Nvidia [1] Company Summary - Qualcomm is recognized as an underrated semiconductor firm that is now entering the competitive AI chip sector [1] - The company's stock performance reflects strong market interest and potential investor confidence in its new strategic direction [1] Industry Summary - The AI chip market is becoming increasingly competitive, with established players such as Advanced Micro Devices and Nvidia already dominating the space [1] - Qualcomm's entry into this market indicates a significant shift and potential disruption within the semiconductor industry [1]