AWS Gets Paid to Buy. Don't Lock Your Instance Family.
Qualcomm's press release called it a collaboration; its 8-K disclosed a warrant on 25,000,000 shares at $161.26 that vests as Amazon places binding purchase orders, up to $60 billion, through 2036. The silicon is already in production and AWS has announced no instance type, which makes contract language the only lever you hold this quarter.
September 8, 2026 · 15 min read