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Qualcomm Inc. (NASDAQ: QCOM) stock has just had the kind of day many investors can only dream of. Having rarely gained more than 2% or 3%, shares jumped 11% on Monday, Oct. 28, to close around $187 in recent months,

Qualcomm's (NASDAQ:QCOM) push to enter the artificial intelligence accelerator market is a “meaningful diversification” for the San Diego-based chipmaker, Bank of America said. Shares fell 1.5% in premarket trading on Tuesday.

Qualcomm shares traded sharply higher Monday following the company's unveiling of new AI chips aimed at the data center market.

Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) jumped 12.3% in the afternoon session after the company announced its entry into the data center artificial intelligence (AI) market with two new chips designed to compete with industry leaders.

We recently published 10 Big Names Crushing Wall Street. Qualcomm Inc. (NASDAQ:QCOM) is one of the top-performing stocks on Monday. Qualcomm shares propelled to a new all-time high on Monday, as investors took heart from a partnership with a Riyadh-based startup to support the development of artificial intelligence (AI) in Saudi Arabia.

Qualcomm's Saudi AI deal with Humain may seem like a win, but the real battle is against Nvidia in the AI chip market.

Humain, the company Saudi Arabia launched earlier this year to develop artificial intelligence technology, plans to list on the Saudi and NASDAQ exchanges within the next four years, its CEO said on Tuesday.

China's regulators have zeroed in on Qualcomm (NASDAQ:QCOM), opening an antitrust probe into its takeover of connected-vehicle technology firm Autotalks a deal first announced in June. The State Administration for Market Regulation said it will examine potential violations under China's anti-monopoly law related to the transaction.