Qualcomm Shares Climb on Amazon AI Infrastructure Deal
Qualcomm’s stock is getting a lift after the chipmaker announced a new partnership with Amazon.
Qualcomm shares climbed Tuesday after the chipmaker announced a new partnership with Amazon.
The deal focuses on customized silicon and optical connectivity for AI data centers.
Qualcomm's stock is getting a lift after the chipmaker announced a new partnership with Amazon.
Shares of Qualcomm (QCOM) were up about 3% Tuesday afternoon after the firm announced it was collaborating with Amazon (AMZN) on next-generation AI data center infrastructure.
Qualcomm said the deal with Amazon will "enable customized silicon at scale for large-scale AI data centers, working together on AI inference," and that the firms "are working on optical connectivity solutions extending up to 1.6T and future-generation solutions."
"As AI demand accelerates, data center infrastructure will require advances in both computing and connectivity to deliver greater performance with more efficiency," Qualcomm CEO Cristiano Amon said in a release.
With Tuesday's gains, Qualcomm shares moved back into positive territory for the year. Amazon shares slipped less than 1% Tuesday afternoon, leaving them up about 11% in 2026.
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