Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant

Qualcomm stock surged 9.5% following a massive chip deal with Amazon valued at up to $60 billion. This agreement includes a 25M share warrant and highlights the company's successful diversification strategy. By securing this partnership, Qualcomm positions itself as a key player within the AI data-center market. The significant stock increase reflects investor confidence in the company's ability to expand its reach beyond traditional mobile hardware into high-growth artificial intelligence infrastructure sectors.