Qualcomm shares rose 4% on Tuesday after the company announced a data center infrastructure partnership with Amazon
Web Services, a major win as the chipmaker tries to take on Nvidia in the artificial intelligence market. As part of the agreement, Qualcomm said in a filing with the Securities and Exchange Commission that it issued Amazon warrants to acquire 25 million shares in the company at $161.26 a piece for a total investment of $4 billion. According to a press release about the technology pact, Qualcomm is working with Amazon “across multiple generations of customized silicon” to help build out AWS’ AI infrastructure, specifically focused on inference. “As AI workloads grow exponentially — driving unprecedented demand for compute, storage, networking and memory bandwidth, and energy-efficient infrastructure — the collaboration brings together Amazon’s comprehensive, secure, and price-performant AI infrastructure with Qualcomm Technologies’ leadership in power-efficient processing, silicon design and system-level integration,” the statement said.

Full report : Qualcomm signs a deal with Amazon to provide “multiple generations of customized silicon” to help build AWS’ AI infrastructure for inference; QCOM jumps ~5%.