A multi-generation AI silicon supply deal is powering Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) shares in Tuesday morning trading, handing the chipmaker a marquee data-center credential well outside its handset franchise.
Qualcomm partners with Amazon to build next-generation AI data center infrastructure.
Qualcomm shares have missed out on the chip sector's big rally this year. The company is now working on various chip projects with Amazon.
Qualcomm Technologies Inc. (NASDAQ:QCOM) shares are trading higher Tuesday after the company announced a multi-generation product collaboration with Amazon.com (NASDAQ:AMZN) to build next-generation AI data center infrastructure.
The chip maker and online retailer are teaming up to build data-center infrastructure, including chips and optical networking products.
AT&T on Tuesday said it would work with Amazon to deliver satellite internet to business customers as the telecommunications industry looks to keep SpaceX on its toes.
Qualcomm shares jumped 10% on Tuesday after the chipmaker announced a data center infrastructure partnership with Amazon Web Services.
Federal investigators examining why an Amazon cargo jet barreled off a runway at Miami International Airport and into vehicles, killing at least five people, are likely to focus on a crucial moment in the landing: whether the plane touched down too late to stop safely.
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