On September 17, Qualcomm rose 3.48% in regular trading, trading at $189.21/share, with turnover of $282 million. The stock had already closed up 4.25% in the prior session, touching a two-month high at $187.80.

On the news front, Qualcomm recently secured a landmark AI data center infrastructure partnership with Amazon. Under the deal, Amazon subscribed to 25 million Qualcomm warrants at $161.26 per share for a total investment of $4 billion and committed to purchasing up to $60 billion worth of Qualcomm server chips and related products over the next decade. RBC Capital Markets subsequently raised its price target on Qualcomm from $160 to $180, noting the deal could eventually represent approximately $6 billion in additional annual revenue if all conditions are met.

The broader semiconductor sector provided a supportive backdrop, with the chip group rallying collectively at the open. Within the Semiconductors sector, Intel rose 8.15%, Marvell Technology gained 7.17%, Micron Technology climbed 6.29%, Advanced Micro Devices advanced 5.14%, and NVIDIA added 2.21%.

(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.)