Qualcomm Gains 2% as Amazon's Warrant Prices AI Commitment

Qualcomm and Amazon Web Services (AWS) announced a multi-year partnership to co-develop custom AI inference chips and high-speed optical networking gear for AWS data centers. The deal includes a warrant for up to 25 million Qualcomm shares, valued at roughly $4 billion if fully exercised, with an initial tranche of 3.75 million shares vesting immediately. Qualcomm's stock jumped 7% on the news. The agreement is structured to incentivize AWS to purchase up to $60 billion in Qualcomm products over

Qualcomm (QCOM) stock rose 40% between March and September 2026, driven by data center business developments. Management indicated progress in fiscal Q3 2025, with revenue expected from fiscal 2028. By November 2025, revenue was pulled forward to fiscal 2027. In July 2026, Qualcomm reported purchase orders and updated targets, including $5B in data center revenue for fiscal 2027. The stock's rise was also supported by partnerships with BMW and Amazon. Qualcomm's handset business faced challenges

Qualcomm (QCOM) shares rose 0.75% to $189.19 after Amazon reportedly plans to buy up to $60B in AI chips, with potential equity warrants worth $4B. The deal includes customized chips and optical connectivity, but no minimum purchase commitments were disclosed. Qualcomm's stock trades at a 7.63% premium to its GF Value estimate of $175.78.

Qualcomm (QCOM) stock rose 4.25% on Tuesday, reaching a two-month high, following a $60B AI chip deal with Amazon (AMZN). Analyst Cody Acree reiterated a Buy rating and $270 target, citing Qualcomm's data-center growth. The company aims for $5B in data-center revenue by fiscal 2027, rising to $15B by 2029. Qualcomm is diversifying from handset chips, targeting $21B in automotive, IoT, and data-center revenue in fiscal 2027.

HP Inc. (HPQ) shares rose 8.3% to a 52-week high of $34.94 after unveiling its OmniBook AI-PC lineup and RBC initiated coverage. The stock is up 9.03% since September 1, according to Investing.com's algorithmic strategy. HP's Q3 earnings showed 11% YoY EPS growth and 13% revenue growth, with raised full-year guidance. RBC's price target is $33. Qualcomm (QCOM) is the strategy's top performer, up 13.33% this month.

Qualcomm's stock rose 4.3% to a two-month high after StoneX reiterated its Buy rating and $270 price target, citing growth in its data-center business. The company's multiyear AI-chip deal with Amazon, worth up to $60 billion, is driving investor interest. However, weak handset demand and rising costs continue to impact its core business. Qualcomm's Q3 profit fell to $2 billion, with revenue declining 4% to $9.95 billion.