Qualcomm’s stock skyrocketed today after the chipmaking giant announced a major leap into the world of artificial intelligence, signaling its most aggressive push yet to challenge rivals in the AI computing race.
The company revealed plans to integrate next-generation AI capabilities directly into its Snapdragon chips — a move designed to power smarter smartphones, laptops, and even vehicles. The announcement quickly sent Qualcomm’s shares up more than 8%, marking one of its strongest single-day rallies this year.
Industry analysts praised the strategy, noting that Qualcomm’s focus on on-device AI processing could help it carve out a unique position in a market dominated by cloud-based solutions from companies like Nvidia and Intel.
CEO Cristiano Amon said the initiative represents a “transformational step” for Qualcomm, aligning its technology with the rapidly expanding AI ecosystem. Investors appear to agree, viewing the company’s AI bet as a sign of long-term growth and renewed competitiveness in the semiconductor sector.
