Qualcomm shares jump 4% after AWS data center chip partnership, $4B warrant deal

Qualcomm's stock rose 4% on Tuesday following news that it will supply customized silicon for Amazon Web Services' AI infrastructure, with a focus on inference workloads. As part of the deal, Qualcomm granted Amazon warrants to purchase 25 million shares at $161.26 each, valuing the arrangement at roughly $4 billion.