Amazon partners with Qualcomm on custom AI chips, while AT&T becomes a major customer for Amazon Leo. Amazon is also diversifying away from Nvidia.

The entities involved

• Amazon.com, Inc. →
  • Amundi increased its stock holding in Amazon.com, Inc. on September 28, 2026.Mon 07:41
  • SpaceX surpassed Amazon in stock valuation, highlighting the competitive landscape among major AI/tech firms.Mon 05:48
• Qualcomm →

  American global semiconductor company

  • Talks regarding potential acquisition of AI-chip startup Tenstorrent involving Qualcomm.Mon 10:59
  • Norges Bank bought a new position in Qualcomm shares, coinciding with buy ratings and price targets from TD Cowen, reported by MarketBeat.Mon 06:47
• AT&T →

  American multinational conglomerate

  • Elon Musk's net worth has been confirmed at $1.1 trillion, distributed among the world's 8.2 billion people.Sun 23:26
  • Morgan Stanley raised its price target for AT&T on July 19, 2025.Sun 12:46

Related events

• Intel, Qualcomm, Marvell, and Amazon are collaborating to develop custom AI chips, leading to stock jumps.Sep 9
• Qualcomm, Apple, and Amazon are collaborating on high-performance optical connectivity for AI, with a deal to purchase up to $60 billion in AI data center chips.Sep 9
• Positive market outlook for Qualcomm driven by its successful gains in the mobile and edge AI market segments.Jul 6
• Amazon, Qualcomm, and Marvell Technology announced a partnership focused on leveraging custom chips for data centers and driving AI semiconductor revenue.Sep 10
• Apple's modem contract expiration is impacting Qualcomm, which is simultaneously managing warrant issues with Amazon and developing custom chips for AWS data centers.Sep 10