Qualcomm is evolving from a smartphone chipmaker to a comprehensive AI technology leader. The transition won’t happen overnight, but the strategy appears appealing and the timing is favorable.

Qualcomm has launched its AI200 and AI250 data center chips, marking a major leap into large-scale artificial intelligence infrastructure.

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

Amazon CEO Andy Jassy said earlier this year that the Washington-based company could shrink its workforce by embracing AI. The firm is part of a cohort of large-cap companies that have seen their AI-related productivity increase as the technology becomes mainstream.

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 12% Monday after the company announce

Vicor is positioned for significant growth, driven by its new US-based ChipFab factory. Click here to read what makes VICR stock a compelling buy.

Nvidia was set to open above a $5 trillion market value today, becoming the first company to reach the milestone after a powerful rally that has made the chip designer the centerpiece of the artificial intelligence boom.