Qualcomm and Amazon Web Services unveiled a multi-year semiconductor partnership on September 8 covering up to $60 billion of Qualcomm AI data-center processors and related technologies, intensifying competition for Marvell in custom silicon and optical connectivity. Amazon received approximately $4 billion in warrants exercisable at $161.26 per QCOM share as purchases materialize. Qualcomm shares rose as much as 6.9% to $180.41, while Marvell’s data-center revenue grew 46% year over year in Q2 FY2027, prompting the company to raise its revenue forecast.