Qualcomm shares jump after Amazon AI chip partnership news
Qualcomm said it issued Amazon a warrant, supporting a new collaboration for custom AI chips and faster data-center connectivity targeting AI inference demand; Qualcomm stock rose 7% Tuesday.
Custom AI chips and faster data-center connectivity are at the center of a new collaboration between Qualcomm and Amazon, with the companies targeting rising demand for AI inference. Qualcomm stock jumped 7% on Tuesday after the company said it issued Amazon a warrant that gives the e-commerce company the right to buy Qualcomm shares under the terms of the deal.