Over the past decade, Qualcomm has provided a significant $87 Bil back to its investors through tangible cash in the form of dividends and buybacks.

Amazon CEO Andy Jassy said earlier this year that the Washington-based company could shrink its workforce by embracing AI. The firm is part of a cohort of large-cap companies that have seen their AI-related productivity increase as the technology becomes mainstream.

Qualcomm has launched its AI200 and AI250 hardware offerings, targeting data center inferencing workloads. Based on the company’s Hexagon neural processing units (NPUs) and customized for data center AI workloads, the new chip-based accelerator cards and racks have been optimized for AI inferencing.

Qualcomm's new AI200/AI250 inference systems could offset Apple revenue loss and drive growth. Click here to read an analysis of QCOM stock now.

Qualcomm's Saudi AI deal with Humain may seem like a win, but the real battle is against Nvidia in the AI chip market.

Qualcomm announced new chips for AI data centers on Monday, in a move that could mean more competition for leading AI chipmakers such as Nvidia and AMD.

Qualcomm’s new AI accelerators compete with systems from Nvidia and Advanced Micro Devices. Both stocks were unmoved by Qualcomm’s announcement, with each closing up nearly 3% on the day. U.S.-listed shares of Novartis declined 2.8% after third-quarter earnings from the Swiss drugmaker disappointed.

The stock of Albemarle, one of the largest Lithium producers in the world, fell 8.9% after it announced its plan to sell a controlling stake in Ketjen Corporation’s refining catalyst solutions business to private equity firm KPS Capital Partners.