AI Chips Update - Unlocking AI: Qualcomm Powers Efficient Inference Cloud Solutions

Cirrascale Cloud Services has announced the launch of its Inference Cloud, powered by the Qualcomm AI Inference Suite, to facilitate the streamlined deployment of AI models and applications with just a single click. This new cloud offering aims to meet the growing demand for generative AI by enabling efficient and scalable AI solutions across industries. Built on the Qualcomm Cloud AI 100 Ultra, the Inference Cloud provides customers with cost-effective access to a wide range of pre-configured AI models and applications, supporting key AI-driven use cases. By allowing businesses to pay only for their AI model usage, this service simplifies integration and broadens access to advanced AI capabilities.

• QUALCOMM (NasdaqGS:QCOM) last closed at $156.04 down 1.5%, hovering around its 52-week low.

In other trading, STMicroelectronics (ENXTPA:STMPA) was a notable mover up 4.6% and ending trading at €24.04. On Tuesday, the company introduced ultra-efficient STM32U3 and STM32WBA6 microcontrollers, enhancing security and connectivity for IoT devices. In the meantime, Marvell Technology (NasdaqGS:MRVL) trailed, down 19.8% to end trading at $72.28. Two days ago, the company provided first-quarter earnings guidance with expected net revenue of $1.875 billion +/- 5% and GAAP diluted EPS of $0.19 +/- $0.05.

QUALCOMM's expansion into AI-enabled edge computing and automotive sectors could drive significant revenue growth. Click to explore how these strategic moves might impact Qualcomm's business trajectory.

As a follow-up, take a look at our Market Insights article, "DeepSeek and Trump’s EOs: The Winners and Losers," where we explored the significant impact of DeepSeek's R1 model on the AI chip market, highlighting both the technological advancements and potential market shifts resulting from its introduction.

Best AI Chip Stocks

• Intel (NasdaqGS:INTC) ended the day at $20.75 down 0.3%.
• Advanced Micro Devices (NasdaqGS:AMD) ended the day at $98.85 down 2.8%, not far from its 52-week low.
• NVIDIA (NasdaqGS:NVDA) ended the day at $110.57 down 5.7%.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Cirrascale Cloud Services Announces Availability of Inference Cloud Powered by Qualcomm’s AI Inference Suite" from Cirrascale Cloud Services on GlobeNewswire (published 06 March 2025)

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