$QCOM (+2,48%) - The Next Generation

Qualcomm is responding to the growing use of artificial intelligence (AI) in smartphones with a new generation of processors. The world's largest

supplier of cell phone chips announced that it would also be using technologies originally developed for the desktop processor "Snapdragon Elite X" in its products for mobile devices. These were used to execute some of the calculations of AI programs directly on the smartphone. Customers for the Snapdragon 8 Elite include cell phone manufacturers such as Samsung $005930 and Xiaomi $1810 (+2,98%) .