**Qualcomm Partners with Amazon for AI Data Centers**
Qualcomm has entered a partnership with Amazon to develop next-generation AI data centers, a move that promises significant growth opportunities as demand for AI infrastructure escalates. As part of this agreement, Amazon acquired a warrant to purchase up to 25 million shares of Qualcomm at $161.26 each, contingent on up to $60 billion in chip orders, with the warrant set to expire on September 3, 2036.
This collaboration will leverage Qualcomm’s expertise in energy-efficient processors to create custom AI chips for Amazon Web Services (AWS). Shares of Qualcomm (NASDAQ: QCOM) rose by as much as 8.7% following the announcement. With the global smartphone market experiencing slowing growth, Qualcomm is strategically shifting its focus to capitalize on the burgeoning AI data center sector.
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