Qualcomm shares rise after Amazon deal
Qualcomm's stock jumped by 10% after announcing a collaboration with Amazon Web Services to enhance data center infrastructure in the field of artificial intelligence, with the goal of competing with Nvidia by 2029. The partnership involves developing custom semiconductors and improving processing and power capabilities in AI systems, with a plan to achieve $15 billion in sales in the data center market in the coming years. This move aligns with the increasing demand for computing and storage capabilities driven by the expanding use of artificial intelligence.
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