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AI technology is one of the fastest-growing industries in the world, and chip stocks are at the center of this exponential growth. Billions of dollars are being invested into AI technologies, and it's projected that it will continue to be a major investment area over the next ten years.

Many people often assume that Nvidia is the go-to chip stock for AI, but there is another company that has a more promising future in this regard. This company is known as Qualcomm. Now, you may be wondering, "What about Nvidia?" The truth is that Nvidia has done quite well in the AI industry, and it will continue to dominate in graphics processing units (GPUs) for gaming and video rendering. However, there is another company with a diversified product line that is used for AI systems, and that's Qualcomm.

Qualcomm's Hexagon chips and AI Core have become increasingly popular in the AI industry, build in AI technologies alongside cameras and sensors in phones and other devices. These technologies play a crucial role in improving AI performance without consuming much battery power.

Qualcomm's rise to the top of the AI chip market is rooted in its Snapdragon Mobile Platform, which powers almost 80% of all Android phones on the market. This means that Qualcomm’s processors are in the hands of most Android users, enabling them to benefit from AI's powerful capabilities for years to come.

As AI applications continue to grow and new and improved devices reach the hands of consumers, it is clear that Qualcomm is positioned to take significant market share from Nvidia. Therefore, as an investor, you might want to put your money on Qualcomm if you are looking to invest in an AI chip stock for the next ten years.

Source: "artificial intelligence" - Google News, Link

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Posted by ghostaidev Team