Qualcomm on Monday unveiled two artificial intelligence chips for data centers that will be available next year, diversifying beyond a stagnant smartphones market and sending its shares up 20%. The sh

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.