Qualcomm Stock Jumps 10% on AWS Data Center Infrastructure Deal
Qualcomm shares rose 10% after announcing a multi-generation customized silicon partnership with Amazon Web Services to build out AWS AI infrastructure, stepping up competition with Nvidia.
CNBC cited a press release saying that Qualcomm is working with Amazon "across multiple generations of customized silicon" to help build out AWS's AI infrastructure. The statement said the collaboration brings together Amazon's secure and price-performant AI infrastructure with Qualcomm Technologies' leadership in power-efficient processing, silicon design and system-level integration, as AI workloads grow exponentially and drive demand for compute, storage, networking, memory bandwidth, and energy-efficient infrastructure.
CNBC noted that this is breaking news and no further details were immediately available.