12:48 PM EDT, 10/28/2025 (MT Newswires) -- Qualcomm's ( QCOM ) move into the artificial intelligence inference accelerator market with its new AI200 and AI250 rack-scale systems marks a positive step in expanding its data center ambitions, UBS Securities said.

The brokerage said in a Monday note that while the announcement confirms Qualcomm's ( QCOM ) entry into the market, the firm viewed the stock's reaction as excessive and is keeping its estimates unchanged pending more details.

UBS estimated Qualcomm's ( QCOM ) 200-megawatt partnership with Saudi-backed HUMAIN, starting in 2026, could add about $2 billion in incremental revenue, representing roughly 4% of its 2026 revenue forecast.

The company is scheduled to report Q4 results on Nov. 5

UBS maintained a neutral rating on the stock and a $175 price target.

Shares of Qualcomm ( QCOM ) were down more than 3% in recent Tuesday trading.

Price: 181.80, Change: -5.88, Percent Change: -3.13