Qualcomm stock gains on $60 billion Amazon AI chip partnership

Published on 09/13/2026 at 14:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qualcomm stock has risen as investors digest a multi-year AI chip and optical interconnect deal with Amazon Web Services, announced on September 8, 2026. The agreement includes warrants tied to up to $60 billion in potential product purchases over 10 years.

Fotorealistischer Nahaufnahme eines generischen ungebrandeten mobilen System-on-Chip-Prozessors auf einer Leiterplatte mit sichtbaren Kupferleiterbahnen und Lötstellen — Qualcomm US7475251036 zeigt fotorealistischen mobilen Prozessor auf dunkler moderner Leiterplatte mit Kupferleiterbahnen, Illustration mit AI erstellt.

Qualcomm Inc. stock (ISIN US7475251036) has moved higher in recent sessions as investors focus on a multi-year artificial intelligence chip partnership with Amazon Web Services that Qualcomm detailed on September 8, 2026. According to Mitrade, the collaboration includes custom AI data center chips and high-speed optical interconnect technology and is backed by stock warrants worth roughly USD 4.03 billion.

Amazon AI deal reshapes Qualcomm stock story

As Mitrade reports, on September 8, 2026 Qualcomm announced a multi-year, multi-generation product partnership with Amazon Web Services under which the two companies will jointly develop custom chips for large AI data centers and advance optical interconnect products supporting speeds of up to 1.6 terabits per second. According to an 8-K filing cited by Mitrade, an Amazon affiliate obtained warrants to purchase up to 25 million shares of Qualcomm common stock at an exercise price of USD 161.26 per share, with an expiration date of September 3, 2036, implying a nominal warrant value of around USD 4.03 billion if fully exercised.

Qualcomm’s Chief Financial Officer Akash Palkhiwala stated that the company expects to begin generating revenue from this partnership as early as the quarter ending in December 2026 and emphasized that the project is a crucial component of Qualcomm’s goal to achieve USD 15 billion in data center revenue by fiscal year 2029, according to Mitrade. That target compares with an earlier objective of USD 5 billion in data center revenue by fiscal 2027, as highlighted by TipRanks, underlining how central the AWS deal is to Qualcomm’s longer-term diversification away from smartphones.

Stock reaction and key market metrics

According to Mitrade, Qualcomm shares rose 3.17 percent on September 8, 2026 to close at USD 174.09 on Nasdaq, with trading volume climbing to approximately 26.13 million shares, a clear pickup versus typical recent turnover. That move formed part of a broader upswing: TipRanks notes that Qualcomm shares climbed 7.84 percent over the past week as investors focused on the chipmaker’s expanding role in the AI data center market and fresh confirmation of major cloud partnerships.

Recent data from MarketWatch show that Qualcomm closed at USD 181.97 on Nasdaq on September 11, 2026, up 2.88 percent from the previous session, with an after-hours indication of USD 182.15 at 7:59 p.m. Eastern Time. At that closing level, the weekly gain reported by TipRanks of 7.84 percent over the week underscores how strongly the market has rewarded the AWS partnership compared with the broader indices.

While the exact current market capitalization and 52-week range are not explicitly broken out in the recent hits, technical commentary from Mitrade indicates that the stock price has broken above a downtrend line extending from a prior peak of USD 259.89 and climbed above the 0.236 Fibonacci level at USD 170.52, suggesting that the downward trend persisting over previous months is beginning to improve. On September 8, the shares touched an intraday high of USD 183.49 before retreating to close below the 60-day moving average of USD 175.89, which shows that strong selling pressure remains in the USD 175 to USD 183 range despite the fundamental momentum from the Amazon deal.

Analyst expectations and earnings outlook

Beyond the Amazon-related story, analyst forecasts show a more cautious near-term earnings picture. According to Zacks, in the latest trading session Qualcomm closed at USD 181.97, a 2.88 percent move from the prior day, and the stock has risen 7.34 percent over the past month, outperforming both the Computer and Technology sector and the S&P 500. However, the same overview notes that the Zacks Consensus Estimate for Qualcomm’s upcoming quarterly earnings points to earnings per share of USD 2.18, reflecting a 27.33 percent decrease from the same quarter a year earlier, with projected revenue of USD 10.16 billion, indicating a 9.83 percent decline compared with the year-ago quarter.

Looking at the full fiscal year, analysts in the Zacks Consensus expect Qualcomm to deliver earnings of USD 10.54 per share and revenue of USD 42.89 billion, according to Zacks. These estimates imply that, despite the strategic upside from AI data center initiatives, the core business is still facing revenue and profit headwinds in the near term, a factor investors must weigh against the growth potential from the AWS alliance and other cloud-related partnerships.

Strategic risks alongside AI opportunity

The Amazon partnership is not the only strategic factor shaping Qualcomm’s outlook. According to Ground News, a separate 2-nanometer chip production deal between Samsung and Qualcomm has stalled as price negotiations broke down, with production potentially slipping to 2027 because Samsung is unwilling to grant discounts after securing other major clients. This delay adds another layer of execution risk to Qualcomm’s broader semiconductor roadmap, particularly in advanced process nodes that are critical for both mobile and AI-related processors.

In parallel, commentary aggregated by Ground News highlights that the Amazon collaboration could allow the e-commerce and cloud giant to buy up to USD 60 billion of Qualcomm AI data center products over roughly ten years, tying the companies together through the USD 4 billion warrant structure. For investors, this combination of a large-volume commitment potential and a delayed Samsung 2-nanometer deal underlines that Qualcomm’s growth trajectory will depend not only on demand for AI chips, but also on its ability to secure competitive manufacturing and manage capital allocation.

Qualcomm stock level as of the latest close

For retail investors, the most recent reference price for Qualcomm stock comes from Nasdaq trading on September 11, 2026. Per data cited by MarketWatch, Qualcomm shares closed at USD 181.97 on Nasdaq on September 11, 2026, with an after-hours indication of USD 182.15 at 7:59 p.m. Eastern Time. At this level, the stock is trading above the technical support area around USD 170.52 highlighted by Mitrade and within the resistance band between USD 175.89 and USD 183.49 where selling pressure recently emerged. For investors, the intersection of these chart levels with the fundamental catalysts from the AWS deal and the mixed earnings outlook will likely remain a central reference point in the coming weeks.