Qualcomm stock surges on massive Amazon chip deal worth up to $60 billion

Qualcomm strikes AI chip deal with Amazon, offers right to buy about $4 billion in stock

Qualcomm signs $60B Amazon AI chip deal with $4B stock warrants, pivoting from modems to data-center processors. The deal signals cloud providers' shift from Nvidia-only reliance, validating Qualcomm's data-center strategy with Microsoft and Meta backing.