As mentioned, Qualcomm's chipsets have long led the chipset market. As the 5G upgrade cycle has cooled, the company has pivoted to designing AI-enabled chips. To that end, it has developed the Snapdragon 8 Gen 3 chip for this purpose, and it should improve on its capabilities with the upcoming release of a Gen 4 chip.

Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders. Nvidia on Monday said Chinese AI firm DeepSeek's advances show the usefulness ...