Qualcomm soars on launch of new AI chips
ReutersOct 27, 2025 3:32 PM
Shares of chip designer Qualcomm QCOM.O soar nearly 22% to $205.95, hitting their highest level since July 2024
Stock last up ~13%, on track for the biggest one-day pct. jump since April 2025 if current gains hold
QCOM unveiled two AI chips, AI200 and AI250, for data centers; to be available in 2026 and 2027, respectively
New chips are designed for improved memory capacity and running AI applications, or inference
QCOM also unveiled accelerator cards and racks based on the new chips
21 of 41 brokerages covering the stock recommend a rating of "buy" or higher, 19 recommend "hold", while 1 recommends "sell"; stock has a median PT of $175
Up to last close, QCOM has gained ~10% this year
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