Qualcomm shares soar after announcing AI chips to compete with AMD and Nvidia
CNBC Televisionยท2025-10-27 16:20
So, Qualcomm just announced it's taking on Nvidia in AI chips, which is a massive pivot for a company that really built its empire on smartphones. They're launching new data center AI chips. They're calling them accelerators starting in 2026.And that is why you are seeing this stock soar. It was at the highs over 19% higher, down, but still up almost 14% on pace for its largest percentage increase since, like Carl said, 2019. It's the best performer on the S&P 500 and the NASDAQ 100 today.But Qualcomm reall ...