Qualcomm Grants Amazon Warrant for 25M Shares Linked to $60B Server Chip Agreement
QCOM sits 40% above its 52-week low of $121.99.
Summary
Qualcomm issued Amazon a warrant for up to 25 million shares at $161.26, vesting as Amazon buys up to $60 billion in QTI server chip products. 3.75 million shares vested immediately on initial commitments.
Key Events · M&A and Partnerships · QCOM
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Amazon Warrant Issued
Qualcomm issued Amazon.com NV Investment Holdings a warrant for up to 25,000,000 shares at $161.26 per share, expiring September 3, 2036, with cashless exercise.
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Vesting Tied to $60B Purchases
Warrant shares vest in tranches as Amazon places binding purchase orders and makes payments for QTI server chip products, technology, systems, and manufacturing services, up to a maximum of $60 billion.
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Immediate Vesting
3,750,000 warrant shares vested upon issuance based on Amazon's initial purchase commitments.
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Strategic Collaboration
The warrant is part of a broader strategic collaboration between Qualcomm, QTI, and Amazon for server chip products, reinforcing Qualcomm's data center diversification.
Analysis · QCOM · Manufacturing
A strategic equity kicker accompanies a collaboration that could generate up to $60 billion in server chip purchases: Qualcomm granted Amazon a warrant for up to 25 million shares at $161.26 per share. The warrant vests in tranches as Amazon places binding orders, with 3.75 million shares already vested on initial commitments. This aligns Amazon's incentives with Qualcomm's data center push, but creates meaningful potential dilution if the full $60 billion relationship materializes. The exercise price sits about 6% below today's $171.34, so the warrant is already in the money on paper. This is the first public disclosure of the arrangement, and it deepens Qualcomm's diversification away from handsets following the recent Modular acquisition and Meta Dragonfly win.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.7% of the 1872 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, QCOM was trading at $171.34 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $177.2B. The 52-week trading range was $121.99 to $259.92. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.