Amazon gets warrant for up to 25M Qualcomm shares tied to $60B of purchases

Qualcomm filed an 8-K on September 8, 2026 describing a multi-generation collaboration to supply custom AI inference silicon and related hardware for AWS data centers. Amazon received a warrant for up to 25 million Qualcomm shares at $161.26 that vests as Amazon makes purchases, up to a $60 billion ceiling. The $60 billion is a maximum tied to purchases, not a committed order, and the warrant runs to September 2036.

• Warrant for up to 25,000,000 shares at $161.26
• Vesting tied to purchases, capped at $60 billion in payments
• 3,750,000 shares vested on issuance based on initial purchase commitments
• Expires September 3, 2036; cashless exercise allowed
• Covers QTI server chip products, technology, systems and manufacturing services