Qualcomm's latest laptop chips for AI could help it compete with Intel and AMD

Qualcomm on Wednesday unveiled its Snapdragon X Plus laptop processor with artificial intelligence capabilities in a bid to better compete with rivals. The chip is the latest addition to Qualcomm's Snapdragon X series, which includes the Snapdragon X Elite built for generative AI. Qualcomm announced it last fall. Although it's not Qualcomm's first laptop processor, its launch could reportedly be the first time Qualcomm's chips can rival the likes of Intel and AMD in terms of speed. PCs equipped with Snapdragon X Plus and Snapdragon X Elite chips are scheduled to be released in 2018. Mid 2024.

Qualcomm (QCOM) announced on Wednesday that it will soon release the Snapdragon

Qualcomm says Snapdragon X Plus, which enables on-device AI applications, “delivers up to 37% faster CPU performance and consumes up to 54% less power compared to competitors.”

The chip is the latest addition to Qualcomm's Snapdragon X series, which includes the Snapdragon X Elite built for generative AI, which Qualcomm announced last fall.

While not Qualcomm's first laptop processor, the announcement comes as Qualcomm's chips could reportedly be the first to challenge the likes of Intel (INTC) and AMD (AMD) in terms of speed, with Snapdragon X The series is said to boast performance superior to Intel's Core i7 and AMD's Ryzen 9 7940HS. , his M2 chip from Apple (AAPL).

PCs with Snapdragon X Plus and Snapdragon X Elite chips are expected to be available starting in mid-2024.

Qualcomm stock closed 1.4% higher at $163.63 on Wednesday following the announcement and is up about 13% so far in 2024.

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