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

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, which is known for its chips in smartphones, also announced a deal with Humain, a Saudi-backed A.I. company. The news sent Qualcomm’s share price soaring.

The company is launching chip-based AI accelerator cards for AI inference and data center racks, and is counting Saudi Arabian AI firm Humain as its first customer.

Qualcomm has been notably left out of the AI party. A deal with Saudi Arabia seems to have gotten the chip maker a foot in the door. Qualcomm’s share price surged 11% Monday after the company announce

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.”