In a bold move to enter the AI infrastructure market, Qualcomm unveiled new data center processors designed for artificial intelligence applications, triggering a 20% surge in its stock price. The company’s first customer, Saudi Arabia’s Humain, will deploy 200 megawatts of these AI accelerators starting in 2026. This partnership reflects a broader push for “sovereign AI” and aligns with Saudi Arabia’s Vision 2030 strategy to build domestic tech capabilities. Qualcomm plans annual AI chip releases, positioning itself as a serious contender in a market currently led by Nvidia.