Qualcomm to Battle AMD and Nvidia With Launch of AI Chips; Stocks Jump by 11%

In a bid to up the ante in the highly competitive world of tech stocks, Qualcomm has announced its foray into the field of AI chips — a move set to challenge the dominance of AMD and Nvidia in the sector. The announcement has resulted in a substantial 11% surge in the company’s stock, CNBC reports. nnn##Qualcomm Takes on AMD and NvidiannThis bold move by Qualcomm is seen as an exciting development in the tech world, as it hopes to not only compete but excel in creating AI chips. This new endeavor is anticipated to open up more prospects for the growth and expansion of the company.nn##Stock Soars by 11%nnFollowing the announcement by Qualcomm, the company’s stocks witnessed a sharp rise of 11%. This represents a significant response from investors, clearly demonstrating their confidence and optimism inspired by Qualcomm’s dynamic expansion into AI chips. n Read More