QCOM shares jump after Amazon expands AI chip partnership
Qualcomm shares rose more than 5% in morning trade after Amazon expanded its partnership to develop customized silicon for AI data centers, with payments potentially tied to up to $60 billion to Qualcomm.
Qualcomm (QCOM) shares rose in morning trade on Tuesday after Amazon (AMZN) expanded its partnership with the chipmaker to develop customized silicon for AI data centers. The deal could be tied to up to $60 billion in payments to Qualcomm. QCOM stock rose over 5% in morning trade and was among the day’s stronger performers.