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Investing.com - Qualcomm shares were lower in premarket U.S. trading on Tuesday, after the stock surged by over 11% in the prior session on the chipmaker’s unveiling of two new inference-optimized chips designed for data center artificial intelligence.
The semiconductor company introduced the Qualcomm AI200 and AI250 chip-based accelerator cards and racks, targeting generative AI inference workloads with what it claims is industry-leading total cost of ownership.
The AI200 features 768 GB of gadget-optimized memory per card, while the AI250 employs an innovative near-memory computing architecture that delivers over 10 times higher effective memory bandwidth with lower power consumption. Both solutions incorporate direct liquid cooling and support high-speed links between internal computer components to the motherboard as well as Ethernet connectivity.
Alongside the product launch, Qualcomm announced a collaboration to deploy advanced AI infrastructure in Saudi Arabia. The agreement targets 200 megawatts of Qualcomm AI200 and AI250 rack solutions starting in 2026.
Here’s a look at how many analysts on Wall Street reacted to the news:
"Qualcomm’s early launch of its AI200 and AI250 accelerators, ahead of market expectations, signals a strategic push into AI infrastructure with a major deployment planned in Saudi Arabia starting 2026. We estimate 4% - 6% earnings per share upside for the stock and maintain our positioning on Qualcomm in our AI portfolio. More importantly, the announcement bodes well for upstream suppliers such as Samsung and TSMC, where we increased weights in mid-October." - UBS
"We see this increasing confidence in data center strategy; roadmap execution, customer expansion, and economics [slash] revenue potential to be a focus." - Wells Fargo
"Total deal value is difficult to determine without further clarity regarding performance specifications. At the very least, the deal value should be less than the $15 billion per gigawatt we’re expecting for AMD[’s indicated rack-scale systems sales] [...]. Our initial assumption of a $1 billion deal value (which at this point is no more than a reasonable guess) is about a third of the price per gigawatt we expect for AMD based on the OpenAI deal." - Wolfe Research
"New opportunities help a low multiple stock [...] High exposure to Apple’s expected declines and risks of losing parts of Samsung’s business, combined with a market that is secularly stagnant, explain Qualcomm’s stock underperformance and low valuation, which we believe make the stock interesting for investors, given the potential for [total addressable market] expansion and share gains." - BofA