Qualcomm Finds New AI Data Center Path Via Amazon Deal

Qualcomm (NASDAQ: QCOM) is forging a new path in AI data center infrastructure through a significant collaboration with Amazon (NASDAQ: AMZN), announced September 8, 2026. This strategic alliance arrives as Apple (NASDAQ: AAPL) moves to replace Qualcomm's modems with its own silicon, a development expected to reduce Apple-related revenue for Qualcomm by approximately 50% quarter-over-quarter. The Amazon partnership includes warrants that could be worth up to $4 billion if performance milestones are met. Qualcomm aims to generate $5 billion in data center revenue by fiscal 2027, with projections scaling to $15 billion. The company enters a competitive landscape populated by established players like NVIDIA, Broadcom, Marvell, and AMD.

### Story Arc / How We Got Here

This follows our earlier coverage ([Apple Foldable iPhone: Morgan Stanley Eyes $14 Billion December Qtr Revenue](/explore/ceo-desk-apple-foldable-iphone-morgan-stanley-eyes-14-billion-december-qtr-revenue)) on 2026-09-05. Morgan Stanley projects Apple's upcoming foldable iPhone could generate $14 billion in revenue during the December quarter, marking the most significant form-factor shift since the iPhone X. The bank anticipates strong demand and substantial price increases for the new device. · * Investors will be watching Apple's (N:$AAPL+WL) ability to execute on its foldable iPhone launch and its pricing strategy. The projected $14 billion in revenue highlights the potential impact of this new product category.