Qualcomm's Latest Laptop Chips for AI Could Help It Compete With Intel and AMD

By
Kevin George
Kevin George
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Kevin George is a freelance crypto writer and editor for Investopedia. He holds a master's degree in finance and has extensive knowledge and experience in the area of trading, markets, and economics.
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Published April 24, 2024
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Key Takeaways

  • Qualcomm on Wednesday announced its Snapdragon X Plus laptop processor with artificial intelligence capabilities, in a move that could help it 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 that Qualcomm announced last fall.
  • While not Qualcomm's first laptop processors, their launch could reportedly mark the first time Qualcomm's chips could rival the likes of Intel and AMD in speed.
  • PCs with Snapdragon X Plus and Snapdragon X Elite chips are expected to launch starting in mid-2024.

Qualcomm (QCOM) on Wednesday announced the upcoming release of its Snapdragon X Plus laptop processor with artificial intelligence (AI) capabilities, in a move that could help it better compete with rivals.

Qualcomm said its Snapdragon X Plus, which will enable on-device AI applications, "delivers up to 37% faster CPU performance compared to competitors, while consuming up to 54% less power."

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

While not Qualcomm's first laptop processors, their rollout could reportedly mark the first time Qualcomm's chips could challenge the likes of Intel (INTC) and AMD (AMD) in speed, with the Snapdragon X series claimed to outperform Intel's Core i7, AMD's Ryzen 9 7940HS, and Apple's (AAPL) M2 chips.

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

Qualcomm shares finished 1.4% higher at $163.63 Wednesday following the announcement and have gained about 13% since the start of 2024.

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  1. Qualcomm. “Qualcomm Continues to Disrupt the PC Industry with the Addition of Snapdragon X Plus Platform.”

  2. Qualcomm. “Qualcomm Unleashes Snapdragon X Elite: The AI Super-Charged Platform to Revolutionize the PC.”

  3. The Verge. “Qualcomm strong-arms its way into Windows laptops this summer.”

  4. The Verge. "Snapdragon Claims Its New X Elite Processor Will Beat Apple and Intel."

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