Qualcomm is trading 6.51% up now at $179.72 after announcing a multigeneration collaboration with Amazon Web Services to develop custom AI inference chips and optical interconnects for data centers.
- Technology extends to 1.6T speeds, alongside expanded AWS infrastructure usage.
- The agreement includes warrants for Amazon to purchase up to 25 million shares.
- The announcement strengthens Qualcomm’s AI-data-center expansion narrative beyond mobile processors.