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Story summary
- Qualcomm Incorporated announced its AI200 and AI250 chips, which caused its stock to rise over 20%.
- The chips mark Qualcomm's entry into the AI data center market for 2026–2027.
- They are designed to compete with Nvidia and AMD in AI inference.
- Qualcomm emphasizes lower power use and cost to attract Amazon.com, Inc. and Microsoft Corporation.
- Analysts view this as a pivotal moment that could diversify Qualcomm's revenue.
