Qualcomm Stock Surges 20% on Launch of AI Data Center Technology

UPDATE: Qualcomm’s stock skyrocketed over 20% today, reaching a peak of $205.95 per share, following the announcement of its groundbreaking artificial intelligence products tailored for large data centers. This surge, which pushed shares up 21.9% from the opening price on NASDAQ, marks a pivotal moment for the San Diego-based tech giant.

In a significant development for the tech and AI landscape, Qualcomm unveiled its AI200 and AI250 chip-based accelerator cards and racks, designed to enhance memory capacity for rapid generative AI inference in data centers. These innovative solutions promise to empower customers with cost-effective deployment of generative AI while ensuring flexibility and security.

During the announcement, Qualcomm CEO Cristiano Amon revealed a strategic partnership with HUMAIN, a Saudi Arabian AI company. HUMAIN is set to establish 200 megawatts of data center capacity utilizing Qualcomm’s new AI200 and AI250 rack solutions, aimed at delivering high-performance AI inference services both within the Kingdom of Saudi Arabia and on a global scale.

“With Qualcomm’s world-class AI infrastructure solutions, we’re shaping the foundation of the kingdom’s AI future,” said HUMAIN CEO Tarek Amin.

This collaboration is anticipated to unite HUMAIN’s regional expertise and comprehensive AI stack capabilities with Qualcomm’s cutting-edge semiconductor technology, creating a robust technology ecosystem in Saudi Arabia. Amon emphasized that these AI data centers powered by Qualcomm chips are crucial for the kingdom’s ambition to become a leading hub for intelligent computing.

The newly announced AI200 and AI250 chips are projected to be commercially available in 2026 and 2027, respectively, marking a significant step forward in the AI sector. As companies worldwide race to harness AI capabilities, Qualcomm’s latest innovations could position it at the forefront of the industry.

Investors and tech enthusiasts alike are keenly watching these developments, as Qualcomm’s advancements could reshape the landscape of AI applications in data centers, potentially impacting the broader technology market.

This urgent news underscores the rapid evolution of AI technology and its implications for global businesses. As Qualcomm continues to lead in semiconductor technology, the effects of today’s announcement are expected to resonate throughout the industry.

Stay tuned for more updates as this story develops.