Overview
- Qualcomm unveiled the AI200 and AI250 accelerators focused on AI inference, with AI200 slated for 2026 and AI250 for 2027, leveraging its Hexagon NPU and claiming up to 10x memory-bandwidth gains for AI250 versus current chips.
- Riyadh-based Humain agreed to deploy 200 megawatts of Qualcomm rack solutions starting in 2026, marking the first commercial commitment tied to the new products.
- Qualcomm shares jumped as much as about 20% on Oct. 27, touching a new high following the announcements and early customer traction.
- Bank of America reiterated a Buy rating with a $200 target, calling the move strategically important but warning that 2026 upside looks limited until technical execution is proven and more deals materialize.
- Wells Fargo kept an Underweight rating with a $140 target, highlighting intensifying competition from Nvidia, AMD and Intel pursuing similar rack-scale AI markets.