US Stock Market Move | Qualcomm (QCOM.US) reached an AI chip collaboration agreement with Amazon.com, Inc., opening nearly 8% higher.

On Tuesday, Qualcomm (QCOM.US) opened nearly 8% higher, marking its largest increase since August 4, now trading at $181.67. In news, Qualcomm and Amazon.com, Inc. announced the establishment of a multi-generational product collaboration to jointly develop next-generation AI data center custom chips and optical interconnect solutions, while also revealing a significant equity incentive arrangement. The collaboration covers various aspects, including custom AI inference chips, optical interconnect solutions supporting up to 1.6T, and Qualcomm's expansion of electronic design automation (EDA) workloads on the AWS platform, signifying Qualcomm's acceleration from mobile to AI infrastructure. Under the agreement, Qualcomm will issue warrants to Amazon.com, Inc., granting it the right to purchase up to 25 million shares of Qualcomm common stock at an exercise price of $161.26 per share. The vesting of the warrants is directly tied to Amazon.com, Inc.'s actual purchases of Qualcomm's server chip products, with a purchasing cap of $60 billionthis arrangement deeply binds the commercial interests of both companies and provides investors with a quantitative reference to gauge the potential scale of the collaboration. This cooperation was announced on September 8, 2026, and following the announcement, the market will reassess Qualcomm's positioning in the AI data center market.