Is Qualcomm About to Be the Nvidia-Killer the Market Feared?[Stocks](https://moneymorning.com/category/article/stocks/) # Is Qualcomm About to Be the Nvidia-Killer the Market Feared?  by Omor IE  October 27, 2025  Share it: **Qualcomm** ( [QCOM](https://moneymorning.com/stocks/qcom)) popped all the way above $200 from its $170 open today after the company announced it was entering the AI data center market with two new inference-optimized chips. The stock has settled up ~12% as of this writing, but many analysts are now optimistic that this rally can turn explosive. The company announced the AI200 and AI250. The first one is expected next year, with the latter expected in 2027. It will also be selling accelerator cards and rack-scale server solutions. It is yet to be seen how good these chips will be and whether or not the company will be able to compete with **Nvidia** ( [NVDA](https://moneymorning.com/stocks/nvda)) or **AMD** ( [AMD](https://moneymorning.com/stocks/amd)). Qualcomm is targeting AI inference, whereas Nvidia’s Blackwell targets both training and inference. This means Nvidia will remain the top-of-the-line choice if AI companies keep aggressively training better models. That said, if companies shift towards inference, this can leave Qualcomm with an advantage.  ## **Why I’d buy QCOM stock hand over fist** [QCOM](https://moneymorning.com/stocks/qcom) stock trades at one of the lowest multiples for a semiconductor company. You’re paying just 14 times earnings because this company is mostly associated with chips used in mobile devices. Not only that, this company is being actively ditched by phone-makers like **Apple** ( [AAPL](https://moneymorning.com/stocks/aapl)) and Samsung in favor of in-house production. But this new pivot to AI is opening up significant upside potential if management can execute well. Qualcomm will bring power-efficient and cost-effective chips to the table, which are expected to be more in demand due to open-source lightweight models gaining popularity. Companies are increasingly experimenting with local AI models on wearables. Qualcomm is well-positioned to supply chips for that market in the coming years. Moreover, if perception of Qualcomm changes from a declining mobile phone chips company to an AI chips company, the stock could easily trade at about 20 times forward earnings if chips start seeing demand next year. There’s plenty of upside potential now, and the valuation is quite low. I’d buy. **Beat the market, without relying on brokers or biased institutions.** Email(Required) Facebook This field is for validation purposes and should be left unchanged. Subscribe By submitting your email address, you will receive a free subscription to _Money Morning!_ and occasional special offers from us and our affiliates. You can unsubscribe at any time and we encourage you to read more about our [Privacy Policy](https://moneymorning.com/privacy/). ## One moment, please: Processing your submission ###### More Trending Stories from Money Morning - [$10,000 Invested in MercadoLibre 5 Years Ago Would Be How Much?!](https://moneymorning.com/2026/02/27/10000-invested-in-mercadolibre-5-years-ago-would-be-how-much/) - [Is a Buyout the Hope PayPal Investors Have Been Waiting For?](https://moneymorning.com/2026/02/27/is-a-buyout-the-hope-paypal-investors-have-been-waiting-for/) - [Here's Why ACM Research Is a Buy Despite Its Earnings Miss](https://moneymorning.com/2026/02/27/heres-why-acm-research-is-a-buy-despite-earnings/) - [Axon Enterprise Stuns the Market With Huge Q4 Earnings Beat](https://moneymorning.com/2026/02/27/axon-enterprise-stuns-the-market-with-huge-q4-earnings-beat/) - [Anthropic Mauls CrowdStrike Again. Here's Why the Cybersecurity Stock Is a Buy](https://moneymorning.com/2026/02/25/anthropic-mauls-crowdstrike-again-heres-why-the-cybersecurity-stock-is-a-buy/) Share it: ### Popular Articles ###### [Here's Why ACM Research Is a Buy Despite Its Earnings Miss](https://moneymorning.com/2026/03/01/why-acm-research-is-a-buy-despite-earnings/) March 1, 2026 ###### [$10,000 Invested in MercadoLibre 5 Years Ago Would Be How Much?!](https://moneymorning.com/2026/02/27/10000-invested-in-mercadolibre-5-years-ago-would-be-how-much/) February 27, 2026 ###### [Here's Why ACM Research Is a Buy Despite Its Earnings Miss](https://moneymorning.com/2026/02/27/heres-why-acm-research-is-a-buy-despite-earnings/) February 27, 2026 ###### [Axon Enterprise Stuns the Market With Huge Q4 Earnings Beat](https://moneymorning.com/2026/02/27/axon-enterprise-stuns-the-market-with-huge-q4-earnings-beat/) February 27, 2026 Notifications reCAPTCHA Recaptcha requires verification. [Privacy](https://www.google.com/intl/en/policies/privacy/) \- [Terms](https://www.google.com/intl/en/policies/terms/) protected by **reCAPTCHA** [Privacy](https://www.google.com/intl/en/policies/privacy/) \- [Terms](https://www.google.com/intl/en/policies/terms/)