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Qualcomm (QCOM) CFO says deal with Amazon (AMZN) positions Qualcomm to deliver strong Y/Y revenue growth from FY27 to FY28; will start receiving revenue from Amazon in the Dec. quarter

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Qualcomm expects strong FY27-FY28 revenue growth from its Amazon partnership, starting December quarter, while maintaining confidence in its $5 billion data center target and automotive leadership.

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Has high confidence in its USD 5bln data centre target. Higher memory prices have had limited impact on premium smartphone market. Next year, expect to be the largest chip supplier to the automotive industry. Strong engagement with another hyperscaler beyond Amazon.

2 stocks
QCOMQualcomm Inc$174.22Current priceAMZNAmazon.Com Inc$257.12Current price

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