On September 11, Qualcomm rose 3.51% in regular trading, trading at $183.4/share, with turnover of $189 million. The stock outperformed the broader semiconductor sector, which saw mixed performance.

On the news front, Piper Sandler initiated coverage on Qualcomm with a Neutral rating and a $190 target price, implying further upside from current levels. Previously, RBC Capital Markets raised its target price from $160 to $180 following Qualcomm's landmark deal with Amazon. The strategic multi-generational partnership involves custom AI inference chips and 1.6T+ optical interconnect solutions for AWS data center infrastructure, with potential procurement value reaching up to $60 billion over 10 years. As part of the deal, Qualcomm issued warrants allowing Amazon to purchase up to 25 million shares at $161.26 per share, totaling approximately $4 billion in investment.

Qualcomm's CFO stated that revenue from the Amazon collaboration is expected to begin in December, expressing high confidence in the $5 billion data center revenue target for fiscal 2027. Options market activity also reflected bullish sentiment, with large block orders targeting $200 strike calls and implied volatility elevated at 49.73%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)