US Stock Market Move | Launch of artificial intelligence chip Qualcomm (QCOM.US) soared by more than 18%.

On Monday, Qualcomm (QCOM.US) surged more than 18% in intraday trading, reaching $199, the biggest intraday gain since 2019. On the news front, Qualcomm announced two new artificial intelligence chips for data centers and plans to commercialize them from next year. This is an important step for the company in diversifying its business, breaking through the limitations of the smartphone market, and expanding into the fast-growing AI infrastructure sector. The two new chips, named AI200 and AI250, are designed to increase memory capacity and optimize the performance of AI applications and will be launched in 2026 and 2027, respectively.