Qualcomm is best-known for its chips used to power smartphones. It is one of the latest entrant into the AI chipmaking arena, joining Intel and AMD, to compete with Nvidia. Qualcomm is positioning itself as an energy efficient chip that will cost much less to run in the long term.

Qualcomm's announcement of new AI-enabling chips will allow it to go toe-to-toe with powerhouses like Nvidia and AMD.

These are Qualcomm's next-generation AI inference-optimized solutions for data centers, and they bring with them support for gobs of memory.

The stock of Albemarle, one of the largest Lithium producers in the world, fell 8.9% after it announced its plan to sell a controlling stake in Ketjen Corporation’s refining catalyst solutions business to private equity firm KPS Capital Partners.

Qualcomm announced new chips for AI data centers on Monday, in a move that could mean more competition for leading AI chipmakers such as Nvidia and AMD.

Qualcomm's new AI200 range is scheduled to begin dispatching next year. Its first client will be Saudi Arabian AI start-up Humain

The Qualcomm Snapdragon 6s Gen 4-powered Android phones will offer significant improvements in gaming performance (up to 59%), unlocking 144 FPS gameplay at FHD+ resolution (up from 120 FPS).

Perhaps the most eloquent clue in Qualcomm’s announcement is that its new AI products “offer rack-scale performance and superior memory capacity for fast generative AI inference at high performance per dollar per watt” and has “low total cost of ownership.”