Qualcomm rises 4% on AI partnership with Amazon
Shares of Qualcomm rose by 4% following the announcement of a partnership with Amazon Web Services to develop an infrastructure for AI-powered data centers. The agreement includes rights to purchase 25 million shares worth $4 billion, aimed at enhancing AI computing and storage capabilities, with a particular focus on AI inference and supporting its infrastructure. This move is part of its efforts to compete with companies like Nvidia in the AI equipment market.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)