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Amazon Inks $60B AI Chip Deal With Qualcomm to Diversify Beyond Nvidia

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The Story

News Summary

  • Amazon partnered with Qualcomm in a multi-year deal to potentially purchase up to $60 billion in AI data-center chips and optical connectivity.
  • Amazon received $4 billion in warrants, allowing AWS to diversify AI infrastructure, lower inference costs, and reduce reliance on dominant chip vendors.
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AMZN price history

256.78 +13.48% over the displayed period

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