Qualcomm · Nvidia · Amazon · CNBC Technology
Qualcomm shares rose 3% on Tuesday after the company announced a data center infrastructure partnership with Amazon Web Services
Compiled by KHAO Editorial — aggregated from 3 sources. See llms.txt for citation guidance.
✓ KHAO Verified
As part of the agreement, Qualcomm said Securities and Exchange Commission that it issued warrants to Amazon to acquire 25 million shares in the company at $161.26 apiece for a total investment of $4 billion.
Key facts
- As part of the agreement, Qualcomm said Securities and Exchange Commission that it issued warrants to Amazon to acquire 25 million shares in the company at $161.26 apiece for a total investment of $4
- Qualcomm shares rose 3% 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
- As AI workloads grow exponentially, driving unprecedented demand for compute, storage, networking and memory bandwidth, and energy-efficient infrastructure, the collaboration brings together
- The chipmaker said the new CPU was built for agentic AI and focuses on offering computing performance without using too much power
Summary
Qualcomm shares rose 3% 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 artificial intelligence market. According to a press release about the technology pact, Qualcomm is working with Amazon "across multiple generations of customized silicon" to help build out AWS' AI infrastructure, specifically focused on inference. "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. Qualcomm is known for making processors that power smartphones and other mobile devices.