Qualcomm stock rises on Amazon AI chip deal

Published on 09/08/2026 at 18:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qualcomm stock is drawing fresh attention after the company announced a multi-generation collaboration with Amazon for AI data center chips and a warrant tied to up to 25 million shares.

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 stock rose after the company and Amazon announced a multi-generation collaboration for AI data center silicon, while Reuters said Amazon can buy Qualcomm shares at USD 161.26 and that the warrant is tied to up to USD 60 billion of business.Reuters The move comes on top of Qualcomm's July 29 earnings report, which showed revenue of USD 9.95 billion and EPS of USD 2.21, while consensus had called for USD 2.23 EPS.

Amazon deal changes the story

The new agreement gives Qualcomm a larger presence beyond smartphones, and the market treated that as the main catalyst on September 8, 2026. Bloomberg also reported that Amazon is joining Qualcomm as a data center chip customer and that the tie-up spans multiple generations.Bloomberg

For investors, the scale matters as much as the headline: the warrant covers up to 25 million shares, and the exercise price of USD 161.26 sits below the stock's recent trading level.

July numbers still matter

Qualcomm's latest quarterly figures remain the base case for the shares. In the July 29 quarter, revenue was USD 9.95 billion, down 4.0 percent from a year earlier, and net margin came in at 21.01 percent, according to MarketBeat's earnings summary.MarketBeat

That mix of lower revenue and solid margin explains why the new Amazon link is important: it offers a fresh growth lane while the handset cycle still sets the near-term earnings tone.

Consensus stays cautious

Analysts tracked by MarketBeat currently show a consensus rating of Hold and an average price target of USD 203.76, while the same source says the company set Q4 2026 guidance at EPS of 2.050 to 2.250.MarketBeat The guidance range gives the market a clear benchmark for the September quarter, and the Amazon deal adds a second one for the next growth phase.

Snapdragon remains core

Qualcomm's product base still starts with Snapdragon chips for premium phones and PCs, but the Amazon pact highlights a faster push into custom silicon and optical connectivity for AI infrastructure. That shift matters because the company is now selling more than handset exposure.

Stock near its recent level

Qualcomm shares last traded at USD 176.3270 on September 8, 2026, with volume of 8,064,463 shares and a prior close of USD 168.74, according to MarketBeat's market snapshot.MarketBeat The stock traded above the Amazon warrant price and well below the consensus target of USD 203.76.