Qualcomm Rallies on Amazon AI Data Center Partnership

Qualcomm (QCOM) is up 5.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is Qualcomm’s newly announced multi-generational collaboration with Amazon to develop customized silicon and optical connectivity for AI data centers. Investors appear to be treating the deal as an important commercial validation of Qualcomm’s push beyond smartphones and deeper into data center AI infrastructure.

Details:

Qualcomm announced on September 8, 2026 that it will work with Amazon across multiple generations of customized silicon for large-scale AI inference infrastructure.

The collaboration also includes optical connectivity products reaching up to 1.6T, extending Qualcomm’s role beyond processors into networking components used inside AI data centers.

A same-day SEC filing showed Qualcomm issued Amazon a warrant for up to 25 million shares at an exercise price of $161.26, with vesting tied to commercial arrangements, purchase orders, and actual purchases.

The filing also stated the vesting framework can scale with Amazon payments for server chip products, technology, systems, and manufacturing services up to a stated maximum of $60 billion, signaling a potentially meaningful long-term revenue opportunity.

Sources:

Qualcomm, SEC, Qualcomm Investor Relations

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$QCOM Insider Trading Activity

$QCOM insiders have traded $QCOM stock on the open market 70 times in the past 6 months. Of those trades, 0 have been purchases and 70 have been sales.

Here’s a breakdown of recent trading of $QCOM stock by insiders over the last 6 months:

CRISTIANO R AMON (President & CEO) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $3,650,000.
AKASH J. PALKHIWALA (EVP, CFO & COO) has made 0 purchases and 60 sales selling 15,000 shares for an estimated $2,539,962.
HEATHER S ACE (EVP, Chief HR Officer) has made 0 purchases and 2 sales selling 6,400 shares for an estimated $1,039,552.
PATRICIA Y GRECH (SVP, Chief Accounting Officer) has made 0 purchases and 6 sales selling 2,520 shares for an estimated $425,663.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$QCOM Hedge Fund Activity

We have seen 1,393 institutional investors add shares of $QCOM stock to their portfolio, and 1,656 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

INVESCO LTD. added 23,250,203 shares (+180.9%) to their portfolio in Q2 2026, for an estimated $4,296,405,012
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 22,310,326 shares (+inf%) to their portfolio in Q2 2026, for an estimated $4,122,725,141
BLACKROCK, INC. removed 10,864,006 shares (-10.2%) from their portfolio in Q2 2026, for an estimated $2,007,559,668
CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 8,554,376 shares (-27.7%) from their portfolio in Q2 2026, for an estimated $1,580,763,141
JPMORGAN CHASE & CO added 8,270,471 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,528,300,336
ASPEX MANAGEMENT (HK) LTD added 6,360,236 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,175,308,010
FRANKLIN RESOURCES INC removed 5,405,550 shares (-68.7%) from their portfolio in Q2 2026, for an estimated $998,891,584

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$QCOM Congressional Stock Trading

Members of Congress have traded $QCOM stock 6 times in the past 6 months. Of those trades, 3 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $QCOM stock by members of Congress over the last 6 months:

REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 2 times. They made 2 purchases worth up to $65,000 on 05/13 and 0 sales.
REPRESENTATIVE SARA JACOBS has traded it 2 times. They made 0 purchases and 2 sales worth up to $2,000,000 on 05/07, 05/06.
REPRESENTATIVE JARED MOSKOWITZ sold up to $50,000 on 03/31.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$QCOM Analyst Ratings

Wall Street analysts have issued reports on $QCOM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Underweight" rating on 04/30/2026
Benchmark issued a "Buy" rating on 04/30/2026

To track analyst ratings and price targets for $QCOM, check out Quiver Quantitative's $QCOM forecast page.

$QCOM Price Targets

Multiple analysts have issued price targets for $QCOM recently. We have seen 20 analysts offer price targets for $QCOM in the last 6 months, with a median target of $222.5.

Here are some recent targets:

Vijay Rakesh from Mizuho set a target price of $210.0 on 06/29/2026
Joseph Moore from Morgan Stanley set a target price of $231.0 on 06/25/2026
Christopher Rolland from Susquehanna set a target price of $190.0 on 06/25/2026
Tom O'Malley from Barclays set a target price of $245.0 on 06/25/2026
Atif Malik from Citigroup set a target price of $198.0 on 06/25/2026
Timothy Arcuri from UBS set a target price of $235.0 on 06/25/2026
Stacy Rasgon from Bernstein set a target price of $235.0 on 06/25/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.