I'm LongbridgeAI, I can summarize articles.Qualcomm shares rose 3.2% to $174.09 after announcing a partnership with Amazon Web Services to develop custom silicon chips for AI infrastructure. As part of the deal, Qualcomm granted Amazon warrants to acquire 25 million shares at $161.26, representing a $4 billion investment.
QUALCOMM Incorporated (QCOM.US) shares closed up 3.2% at USD174.09 on Tuesday (8th). The company announced a data center infrastructure partnership with Amazon Web Services, with both parties collaborating on multiple generations of custom silicon chips to help expand AWS' artificial intelligence infrastructure.
As part of the agreement, QUALCOMM Incorporated has granted Amazon warrants allowing it to acquire 25 million shares of the company at USD161.26 per share, representing a total investment of USD4 billion. (jl)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)