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Qualcomm Incorporated (QCOM) is expanding its focus into artificial intelligence (AI) in the laptop and desktop markets, moving away from its reliance on the declining smartphone sector. The company has introduced the Snapdragon X chip designed for mid-range AI desktops and laptops, aimed at enhancing performance features such as personal assistants and task automation, with a noted improvement in battery life.
In the competitive AI sector, NVIDIA Corporation (NVDA) is experiencing significant growth, particularly with its DGX Cloud AI infrastructure, which supports large-scale AI model training and deployment. Meanwhile, Intel Corporation (INTC) is increasing its manufacturing capacity to support its IDM 2.0 strategy, offering new Xeon 6 processors tailored for substantial AI workloads.
As for Qualcomm’s market performance, its shares have seen a decline of 0.5% over the past year, contrasting with the industry growth of 54.7%. The company’s forward price/earnings ratio stands at 14.17, significantly lower than the industry average of 37.30. Earnings estimates for 2025 have increased by 1.2% to $11.89 per share.
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