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Qualcomm announced Monday that it will release new artificial intelligence accelerator chips, marking new competition for Nvidia , which has so far dominated the market for AI semiconductors.

The stock soared 15% following the news.

The AI chips are a shift from Qualcomm, which has thus far focused on semiconductors for wireless connectivity and mobile devices, not massive data centers.

Qualcomm said that both the AI200, which will go on sale in 2026, and the AI250, planned for 2027, can come in a system that fills up a full, liquid-cooled server rack.

Qualcomm is matching Nvidia and AMD , which offer their graphics processing units, or GPUs, in full-rack systems that allow as many a

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