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%.

Qualcomm had datacenter envy back when Intel ruled the bit barns of the world, and now it has it even worse now that Nvidia has shown how AI processing

Qualcomm Inc. shares spiked as much as 20% early today after the company unveiled new data center artificial intelligence accelerators, the AI200 and AI250, aimed squarely at Nvidia Corp.’s inference stronghold with its graphics processing units.