Qualcomm (QCOM) Soars to Fresh High on New AI Deal in Saudi

Core Insights - Qualcomm Inc. has reached an all-time high in stock performance, driven by a new partnership focused on artificial intelligence development in Saudi Arabia [1][3]. Stock Performance - Qualcomm shares peaked at $205.55, marking a 21.67% increase during the trading session, before closing at $187.68, which is an 11.09% rise [2]. Partnership Details - Qualcomm has partnered with Humain, a global AI value-chain provider, to supply 200 MW of AI200 and AI250 rack solutions starting in 2026 [3][4]. - The AI200 and AI250 solutions are designed for high performance and memory capacity, facilitating fast generative AI inference [4]. Strategic Implications - The collaboration aims to leverage Humain's regional insights and Qualcomm's semiconductor technology to position Saudi Arabia as a leader in global AI and semiconductor innovation [5].