Qualcomm's shares rose nearly 9% after announcing a deal with Amazon for customised data centre chips. The agreement allows Amazon to acquire up to $4 billion in Qualcomm shares, supporting the development of AI infrastructure amid Qualcomm's efforts to diversify beyond smartphone processors.
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September 8, 2026 at 4:09 PM
Qualcomm stock jumps 9% on AI chip deal with Amazon, hits 2-month high
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