Amazon (NASDAQ: AMZN) Sets $60 Billion Ceiling With Qualcomm (NASDAQ: QCOM) As Apple (NASDAQ: AAPL) Cuts Modem Ties

Amazon (NASDAQ: AMZN) Sets $60 Billion Ceiling With Qualcomm (NASDAQ: QCOM) As Apple (NASDAQ: AAPL) Cuts Modem Ties

Amazon.com, Inc. (NASDAQ: AMZN) has given QUALCOMM Incorporated (NASDAQ: QCOM) a measurable target for its AI infrastructure ambitions, with a potential commercial relationship valued at up to $60 billion. A Qualcomm SEC filing dated September 8 ties Amazon warrants to commercial arrangements, binding orders, and actual purchases that can reach a maximum of $60 billion, […]

Qualcomm (QCOM) Secures Massive $60B Amazon AWS Chip Deal, Analysts Boost Targets

Qualcomm (QCOM) stock surged following Amazon's agreement to purchase up to $60B in AI chips. Analysts raised price targets on the AWS partnership news.

Qualcomm (QCOM) Stock Gets Price Target Hike After Amazon AWS Deal

TLDR Amazon announced it could buy up to $60 billion of Qualcomm’s AI data-center chips under a long-term partnership with AWS. Qualcomm also granted Amazon warrants worth about $4 billion to buy QCOM stock at $161.26 per share. QCOM jumped as much as 6.9% on the deal announcement and is up around...

Amazon Could Buy Up to $60 Billion From Qualcomm Just as Apple Brings Modems In-House. Is the AI Pivot Real?

Amazon Could Buy Up to $60 Billion From Qualcomm Just as Apple Brings Modems In-House. Is the AI Pivot Real? QUALCOMM Incorporated (NASDAQ:QCOM) is trying to replace part of a fading smartphone dependency with AI infrastructure, and Amazon.com, Inc. (NASDAQ:AMZN) just gave investors a large number…

Qualcomm, Amazon to build next-gen AI data center infrastructure

The collaboration brings together Amazon’s comprehensive, secure and price-performant AI infrastructure with Qualcomm Technologies’ expertise in power-efficient processing, silicon design and system-level integration.