Qualcomm (QCOM) Stock Reaches 52-Week High on AI Chip News

TLDR

• Qualcomm stock reached a 52-week high of $182.23, with shares jumping nearly 15% on Monday
• The company unveiled two new AI chips (AI200 and AI250) for data centers, launching in 2026 and 2027
• Stock has climbed 4.6% over the past year with a market cap of $185.89 billion
• Qualcomm acquired Alphawave for $2.4 billion in June to strengthen its AI and data center capabilities
• The company trades at a 16.39x earnings multiple and maintains a 2.18% dividend yield

Qualcomm stock hit a fresh 52-week high of $182.23 on Monday. The rally came after the company unveiled its latest push into the data center market.

QUALCOMM Incorporated, QCOM

Shares jumped nearly 15% following the announcement. The semiconductor company revealed two new artificial intelligence chips designed for data centers.

The new chips are named AI200 and AI250. They focus on improved memory capacity and running AI applications.

Commercial availability won’t happen immediately. The AI200 will launch in 2026, with the AI250 following in 2027.

This move represents Qualcomm’s effort to diversify beyond smartphones. The company is targeting the fast-growing AI infrastructure market.

Global investment in AI chips has soared recently. Cloud providers, chipmakers and enterprises are racing to build infrastructure for large language models and generative AI tools.

Expanding Beyond Mobile

The San Diego-based company has been making strategic acquisitions. In June, Qualcomm agreed to buy Alphawave for approximately $2.4 billion.

Alphawave designs semiconductor technology specifically for data centers. This acquisition strengthens Qualcomm’s position in the AI space.

Back in May, Qualcomm announced plans for custom data center processors. These chips will use Nvidia technology to connect to artificial intelligence chips.

The company also unveiled accelerator cards and racks based on the new chips. Qualcomm said the products support common AI frameworks and tools with advanced software support.

According to the company, these chips will lower the total cost of ownership for enterprises. This could make them attractive to businesses looking to deploy AI infrastructure.

Stock Performance and Valuation

Over the past 12 months, Qualcomm stock has gained 4.6%. The company currently holds a market capitalization of $185.89 billion.

The stock trades at a 16.39x earnings multiple. Revenue growth has been strong at 15.82% over the past year.

Qualcomm maintains a dividend yield of 2.18%. The company declared a quarterly cash dividend of $0.89 per share, payable on December 18, 2025.

Analysts have set price targets as high as $225. That represents potential upside from current levels.

Recent financial results show growth across multiple divisions. Automotive revenue increased 21% annually, while IoT grew 24%.

The handsets division saw 7% growth. Demand for the Snapdragon 8 Elite platform drove this expansion.

The company recently made leadership changes. Dr. Jeremy Kolter joined the board of directors and will serve on the Governance Committee.

Patricia Grech was appointed Senior Vice President and Chief Accounting Officer. Neil Martin moved to lead Corporate Development.

Qualcomm also adopted Arm’s ninth-generation computing architecture for its latest PC and phone chips. This move could enhance AI performance across its product lineup.

Benchmark maintained its Buy rating with a $200 price target. The firm highlighted growth opportunities in automotive, IoT, and handset divisions.

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