"Qualcomm Finally Joins AI Party, Still Can't Find the Chips"

Qualcomm, the chip company that was once thought to be missing out on the AI party, has finally decided to join the fun, but not before realizing they left their chips in the other room. The company's partnership with Meta on Ray-Ban smart glasses has resulted in explosive demand, with production targets rising to 20-30 million units, because who doesn't want a smart glasses that can do everything except make you look cool? The launch of the Dragonwing IQ10 Series positions Qualcomm as a key enabler in robotics, highlighted by collaboration with Figure on humanoid AI, because what could possibly go wrong with robots that look like humans? The stock is cheap, trading at only 13x forward earnings, which is a steal considering the company's promising AI chips and their ability to make you question their ability to deliver on time. With this move, Qualcomm is rapidly reversing perceptions of missing the AI race, and by rapidly, I mean they're still trying to catch up, but hey, at least they're trying.