Why Qualcomm Stock Jumped Today

Key Points Qualcomm is entering the artificial intelligence (AI) chip race. Competition is heating up with established AI chip leaders Nvidia and AMD. 10 stocks we like better than Qualcomm › Shares of Qualcomm (NASDAQ: QCOM) popped on Monday after the tech giant said it was entering the booming artificial intelligence (AI) chip market. As of 3:15 p.m., Qualcomm's stock price was up more than 12%, after rising as much as 22% earlier in the day. Image source: Getty Images. Qualcomm's new AI chips ...