AMZN

Qualcomm's stock is getting a lift after the chipmaker announced a new partnership with Amazon.

Qualcomm NASDAQ: QCOM CFO and COO Akash Palkhiwala said the company's newly announced multiyear agreement with Amazon represents a “landmark deal” for its expanding data-center business and supports its previously disclosed growth targets.

Amazon's expanded relationship with Qualcomm is reigniting debate over “circular financing” in the AI boom. Advisors Capital Management Partner and Portfolio Manager JoAnne Feeney discusses how the deal gives Amazon another source of custom chips and could reduce its reliance on Nvidia, while giving Qualcomm greater confidence to invest in capacity.

The complaint, filed by four former warehouse employees, claims Amazon routinely violates federal and New York worker-protection laws.

Qualcomm (QCOM) shares were surging on Tuesday after the chipmaker announced a major deal. The stock surged as much as 10% in early trading, but gave up most of those gains to trade around 4% higher at the time of writing.

AWS just posted its fastest growth in 18 quarters, yet Amazon shares are lagging the S&P 500 and sliding further. Here is why that disconnect could set up one of the boldest stock plays of the decade.

Qualcomm Inc (NASDAQ:QCOM, XETRA:QCI) and Amazon.com Inc (NASDAQ:AMZN) on Tuesday announced a multi-generation collaboration to develop customized silicon for large-scale AI data centers, with an initial focus on AI inference for Amazon Web Services. The news sent Qualcomm shares up 4.5% on Tuesday morning in New York.

Amazon (AMZN) offers a near-free call option on its Leo satellite business, with significant long-term upside embedded in its core valuation. Starlink currently dominates LEO satellite internet, but AMZN's Leo is gaining traction with strategic partnerships, competitive pricing, and advanced terminal offerings. Bank of America raised AMZN's price target to $310, citing Leo's potential $7–10B annual recurring revenue by 2030, with broader ecosystem benefits.

Amazon's AWS unit is now the loudest buyer in the AI compute market, and this morning it handed a piece of its silicon roadmap to a new supplier.

President Trump spent the weekend posting about the paper profit on Washington's Intel (NASDAQ:INTC | INTC Price Prediction) stake, and on Tuesday morning Jim Cramer, whose charitable trust owns the same stock, publicly asked him to hold.