If the new generation of PCs does what's promised, that's great news for Microsoft, Arm, and Qualcomm—and potentially a body blow for Apple and Intel.
Microsoft and other makers of Windows PCs announced new laptops Monday that are designed to natively handle artificial-intelligence features. Chips from Qualcomm will power them all. The news boosted Qualcomm shares by 2% on Monday, to a record close of $197.76.
Microsoft unveiled a new category of Windows personal computers designed for artificial intelligence called Copilot+ PCs. Microsoft stock rose.