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Barchart
Sushree Mohanty

A $60 Billion Amazon Opportunity Is Changing Qualcomm's Chip Story

Qualcomm Amazon QCOM

Qualcomm’s (QCOM) story has been under pressure. Smartphones still drive a large part of its business. However, handset revenue has weakened recently, with Apple reducing its reliance on Qualcomm for modem chips.

Now Amazon (AMZN) is giving Qualcomm something it has been chasing for years—a foothold in the AI data center market. Will this potential $60 billion deal turn Qualcomm from a smartphone chip heavyweight into a serious AI infrastructure player?

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