Why Qualcomm Stock Is Up Today
A blockbuster deal with an AI colossus should accelerate the chipmaker's growth.
Overview
Shares of Qualcomm (NASDAQ: QCOM) rose as much as 8.7% on Tuesday after the semiconductor designer struck a potentially highly lucrative partnership with Amazon (NASDAQ: AMZN).
Image source: The Motley Fool.
Qualcomm will help Amazon develop custom artificial intelligence (AI) chips to power its industry-leading cloud computing business.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.