Qualcomm Technologies Inc. (NASDAQ:QCOM) shares are trading higher Tuesday after the company announced a multi-generation product collaboration with Amazon.com (NASDAQ:AMZN) to build next-generation AI data center infrastructure.
- Qualcomm stock is among today’s top performers. Why is QCOM stock up today?
Qualcomm, Amazon Expand AI Partnership
Qualcomm and Amazon will collaborate across multiple generations of customized silicon to support AWS’s growing AI infrastructure, working together on AI inference. The two companies will also develop advanced optical connectivity solutions extending up to 1.6T and future generations, leveraging Qualcomm’s SerDes and optical DSP technologies to support high-bandwidth interconnects within Amazon’s data center networks. As part of the expanded partnership, Qualcomm plans to deepen its use of AWS AI infrastructure, including Amazon Bedrock, for electronic design automation workloads aimed at reducing chip design cycles.
“As AI demand accelerates, data center infrastructure will require advances in both computing and connectivity to deliver greater performance with more efficiency,” said Cristiano Amon, President and CEO of Qualcomm. “Qualcomm is pleased to work with AWS on customized silicon and connectivity solutions, bringing decades of leadership in advanced processing and power-efficient compute, to deliver breakthrough performance and enable the next generation of AI infrastructure.”
Qualcomm Shares Skyrocket
QCOM Price Action: At the time of publication, Qualcomm shares are trading 6.92% at $180.41, according to data from Benzinga Pro.
Image via Shutterstock
Login to comment