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Qualcomm stock pops on data center infrastructure deal with Amazon

Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan June 1, 2026. Ann Wang | ReutersQualcomm shares rose 3% on Tuesday after the company announced a data center infrastructure partnership with Amazon Web Services, a major win as the chipmaker tries to take on Nvidia in the artificial intelligence market. The stock initially jumped about 10%. According to a press release, Qualcomm is working with Amazon "across multiple generations of customized silicon" to help bu...

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