Stocks
Qualcomm Stock Climbs on $60 Billion Amazon AI Chip Deal
Qualcomm's stock price surged to $174.09 on Nasdaq as of September 8, 2026, up 3.17% in that session.
The increase came after the company unveiled a multi-year artificial intelligence chip partnership with Amazon that could drive up to $60 billion in data center hardware sales over the coming decade.
The agreement includes a product purchasing ceiling of $60 billion spanning roughly five to six years, initially focusing on custom connectivity chips such as switches and high-throughput optical interfaces before expanding into high-bandwidth connectivity and AI inference accelerators.