Qualcomm shares rise 10% after partnership with AWS
Qualcomm shares rose 10% on Tuesday after the company announced a partnership with Amazon Web Services (AWS) in the field of artificial intelligence data center infrastructure. CNBC reports.
Specialized silicon for AWS
According to Qualcomm, the company is working with Amazon on several generations of specialized silicon to build AWS AI infrastructure. Qualcomm noted that as AI workloads grow, the need for computing resources, data storage, networks, memory bandwidth, and energy-efficient infrastructure is increasing.
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Qualcomm called demand for such infrastructure unprecedented. The company also stated that the collaboration combines Amazon's AI infrastructure, which it characterizes as comprehensive, secure, and cost-performance efficient, with Qualcomm's expertise in energy-efficient computing, silicon development, and system integration.
Data center market
CNBC notes that Qualcomm is seeking to develop its data center business. Nvidia has been the dominant player in this segment during the artificial intelligence boom.
