Qualcomm shares rose nearly 10% in premarket trading on Sept. 8, according to market data from BIT (bit.com), after the company announced a multi-generation product agreement with Amazon. The deal is aimed at bringing customized chips into mass production for large-scale AI data centers, with the two companies also working together on AI inference technology. Qualcomm said it will provide Amazon with warrants for up to 25 million shares. The companies are also developing an optical interconnect solution with transmission speeds of up to 1.6T. The move put Qualcomm in focus before the open as investors reacted to the scale of the partnership and its AI data center angle.
Qualcomm (QCOM.O) climbed nearly 10% in premarket trading on Sept. 8, according to market data from BIT (bit.com).
The company said it has entered a multi-generation product agreement with Amazon aimed at mass-producing customized chips for large-scale AI data centers. The two companies are also set to advance AI inference technology together.
Qualcomm will provide Amazon with warrants for up to 25 million shares, according to the announcement. The two sides are also developing an optical interconnect solution with transmission speeds of up to 1.6T.
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