Qualcomm Incorporated (QCOM) has launched its Snapdragon X chip, a new mid-range AI processor designed for desktops and laptops, on October 1, 2023. This system-on-chip (SoC) features an 8-core Oryon central processor and a neural processing unit (NPU) capable of 45 trillion operations per second (TOPS), enhancing AI workloads for Microsoft’s Copilot+PCs. Built on a 4-nanometer process, the Snapdragon X aims to improve battery life and accelerate AI capabilities in personal devices.
NVIDIA Corporation (NVDA) is expanding its footprint in enterprise AI, with heightened adoption of its DGX Cloud infrastructure allowing businesses to scale AI operations. Meanwhile, Intel Corporation (INTC) is increasing manufacturing capacity to support its IDM 2.0 strategy and its Xeon 6 processors, optimized for large AI workloads, are positioned as a cost-effective solution for AI tasks. Intel’s offerings are projected to contribute positively to the semiconductor industry’s efficiency and performance.
Qualcomm’s shares have risen 13% over the past year, compared to a 41% growth in the industry. Currently, Qualcomm trades at a price/earnings ratio of 14.16, lower than the industry average of 34.14. Earnings estimates for fiscal 2026 have increased by 2% to $12.15 per share, while 2027 estimates are up 3.4% to $12.60.
