How Parkev Tatevosian, CFA’s view on $QCOM changed

On Tuesday, September 8th, Qualcomm and Amazon announced a deal that could be worth billions of dollars. So, that's now two deals for the data center market for Qualcomm, which as of yet has yet to produce anything or generate any revenue from this category.

And this could be huge for Qualcomm stock investors. Let me share with you the details, what it means for Qualcomm, and whether or not this stock is still a buying opportunity.

Marvell and Qualcomm are preparing to capitalize on the growing demand for AI data centers . At the same time, Qualcomm is investing in the innovation, research and development of computing solutions for data centers, and accelerated central processing units (CPUs) aimed at bridging the current gap between the memory market and CPUs and graphics within data centers.