Mobile device chipmaker Qualcomm (QCOM) on Monday announced its entry into the market for processors for artificial intelligence data centers. Qualcomm stock jumped on the news.

Qualcomm announced two new AI inference-optimized solutions for data centers: the Qualcomm AI200 and AI250 chip-based accelerator cards and racks. The AI200 rack will be available commercially in 2026, followed in early 2027 by the AI250 rack.