Qualcomm Stock Surges on $60 Billion Amazon AI Chip Deal

Qualcomm announced a landmark long-term partnership with Amazon that could generate up to $60 billion in chip purchases over time. The deal marks a significant expansion of Qualcomm's artificial intelligence and data-centre ambitions beyond its traditional smartphone business.

The partnership will focus on three key areas: AI inference capabilities, optical connectivity solutions, and product diversification. The agreement signals Qualcomm's growing shift toward enterprise and cloud infrastructure markets as it seeks new revenue streams in the competitive semiconductor sector.

The announcement drove Qualcomm's stock higher as investors responded positively to the substantial long-term revenue opportunity and the chipmaker's strategic pivot toward high-margin AI and data-centre segments.