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Qualcomm Shares Rise on CFO's Praise, Amazon Deal

Guavy AI Editorial Team
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AMZN NVDA
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Qualcomm's shares rose 2% in premarket trading after CFO Akash Palkhiwala described the stock as 'well-priced'.

Palkhiwala credited a recent data center agreement with Amazon, which includes warrants for up to 25 million Qualcomm shares worth $4.03 billion.

The deal also highlights Modular's AI software, which allows developers to deploy models across different chip platforms, including Nvidia and AMD, without compromising performance.

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