Qualcomm Jumps 12% to Record High as AI Device, Data Center Bets Gain Credibility
Updated
Updated · CNBC · May 22
Qualcomm Jumps 12% to Record High as AI Device, Data Center Bets Gain Credibility
6 articles · Updated · CNBC · May 22
Qualcomm shares rose 12% Friday to a record, capping a 75% gain over the past month as investors warmed to its expanding role in physical AI.
Wall Street's confidence rests on Qualcomm's edge-AI footprint in smartphones, PCs, smartglasses, cars and robots, plus reported work with OpenAI on a device chip.
Stellantis added to that momentum on Thursday, selecting Snapdragon processors for cockpit, connectivity and driver-assistance systems across its vehicle lineup.
Automotive revenue already climbed 38% year over year to $1.3 billion, and Qualcomm says more than 1 million cars run autonomous systems on its processors.
A new upside case is forming around data-center chips: Qualcomm plans to ship AI200 and AI250 accelerators to a large hyperscaler this year, with updates possible at Computex on June 2 and investor day on June 24.
As Qualcomm battles in AI, cars, and data centers, can it conquer these new frontiers or is its ambition too great?
Will Qualcomm's reported AI-agent device with OpenAI be the hardware that finally makes the modern smartphone obsolete?
As millions wear AI smart glasses, how will society address the unprecedented privacy challenges that will inevitably arise?
Qualcomm’s AI Pivot: Stock Hits $247.90, Humain Mega-Deal, and $7B Data Center Ambitions
Overview
Qualcomm's stock has surged to record highs, driven by strong momentum in the semiconductor sector and the market's confidence in its strategic shift toward artificial intelligence. The company is making bold moves into the AI data center market with its new AI200 and AI250 chips, focusing on energy efficiency and cost advantages. This strategy is supported by key partnerships and acquisitions, expanding Qualcomm's global reach and AI hardware capabilities. By targeting large-scale generative AI workloads and forming alliances with major cloud providers, Qualcomm is positioning itself as a major player in the evolving AI infrastructure landscape.