Amazon Deal Sparks Expansion Plans for Qualcomm

A significant development in the tech industry has caught investors' attention, and it's related to Qualcomm (NASDAQ: QCOM). The company is poised for expansion into the data center market, thanks to a multibillion-dollar arrangement with Amazon.

This news comes as a major boost to Qualcomm stock investors. While Nvidia made headlines earlier, this new development focuses on Qualcomm's potential in the data center space.

However, it's worth noting that the Motley Fool Stock Advisor analyst team didn't include Qualcomm in their list of top 10 stocks for investors to buy now. The team has a track record of identifying high-potential stocks, with an average return of 942% compared to 211% for the S&P 500.

For context, when Nvidia made the list in 2005, a $1,000 investment at the time would be worth over $1.3 million today. Similarly, Netflix's inclusion on the list in 2004 led to returns of nearly $409,917 for a $1,000 investment.