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Amazon Taps Qualcomm for $60B Custom AI Chips in Cloud Push

Motley Fool Read original source (opens in a new tab)
The Story

News Summary

  • Qualcomm and Amazon have partnered on custom AI infrastructure, with Qualcomm potentially supplying up to $60 billion in chips.
  • The agreement includes $4 billion in stock warrants for Amazon, signaling major hyperscalers' push to reduce AI hardware costs and diversify away from Nvidia.
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