What Was Qualcomm Stock Telling You Before It Ran?

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) 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.

Amazon's stock (AMZN) fell below $250 after AWS data center disruptions and concerns over $220B infrastructure spending. AWS revenue grew 37% YoY to $42.2B, but high costs and regulatory pressures weigh on investor sentiment. Qualcomm (QCOM) rose 5% on Amazon partnership news, with data-center revenue expected to reach $15B by 2029.