Nilesh Christopher | (TNS) Los Angeles Times

Qualcomm on Monday announced the release of a new series of artificial intelligence chips to compete with the market leader Nvidia, as the race to cash in on the massive AI datacenter buildout heats up.

If successful, Qualcomm, a San Diego-based tech giant, could win a spot in the data centers powering AI as customers look for alternatives to Nvidia, which controls close to 90% of the AI chip market.

The Qualcomm AI200 is scheduled to be the first chip in the series that will be commercially available in 2026, which will be followed by the AI250 chip in 2027. The company’s stock surged 20% after news of entering the data center market.

It plans to sell its purpose-built AI server racks containing dozens of AI chips that can be installed in d

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