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Qualcomm stock pops 10% on data center infrastructure deal with Amazon

CNBC Tuesday 08 September 2026, 13:20 UTC 1 min read
Key Points

Qualcomm shares jumped 10% on Tuesday after the company announced a data center infrastructure partnership with Amazon Web Services, a major win as the chipmaker tries to take on Nvidia in the AI market. According to a press release, Qualcomm is working with Amazon "across multiple generations of customized silicon" help build out AWS' AI infrastructure. "As AI workloads grow exponentially — driving unprecedented demand for compute, storage, networking and memory bandwidth, and...

Qualcomm shares jumped 10% on Tuesday after the company announced a data center infrastructure partnership with Amazon Web Services, a major win as the chipmaker tries to take on Nvidia in the AI market. According to a press release, Qualcomm is working with Amazon "across multiple generations of customized silicon" help build out AWS' AI infrastructure. "As AI workloads grow exponentially — driving unprecedented demand for compute, storage, networking and memory bandwidth, and energy-efficient infrastructure — the collaboration brings together Amazon's comprehensive, secure, and price-performant AI infrastructure with Qualcomm Technologies' leadership in power-efficient processing, silicon design and system-level integration," the statement said. This is breaking news. Please refresh for updates.
Qualcomm (ORG) Amazon Qualcomm (ORG) Amazon Web Services (ORG) Nvidia (ORG) Amazon (ORG) AWS (ORG) Qualcomm Technologies' (ORG)
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