Microsoft Launches Fourth India Cloud Region in Hyderabad

Qualcomm shares jumped approximately 7% to $190.085 after the chip designer disclosed an AI-infrastructure partnership with Amazon that could see the e-commerce and cloud giant purchase as much as $60 billion of Qualcomm products. Under the arrangement, Amazon would receive purchase-linked warrants valued at roughly $4 billion, equivalent to about 6.7% of the potential $60 billion purchasing ceiling. The two companies are also building custom inference silicon and optical connectivity capable of reaching 1.6 terabits per second. The deal gives Qualcomm a credible path to becoming a larger supplier inside hyperscale AI infrastructure rather than remaining overwhelmingly tied to mobile chips. At $190.085, Qualcomm trades 8.3% above its $175.52 GF Value estimate, suggesting the market is already pricing in part of the Amazon opportunity.

Oracle reported more than $30 billion of fresh AI-cloud contracts in its fiscal first quarter, pushing its remaining performance obligations to $664 billion. Cloud infrastructure revenue surged 121% to $7.4 billion, and the company added 850 megawatts of data-center capacity along with more than 300,000 GPUs. The backlog now stands at more than 34 times quarterly revenue of $19.35 billion, yet quarterly free cash flow remained roughly $5 billion negative as Oracle funded the infrastructure buildout behind those contracts. Shares gained approximately 1.3% to $149.47, leaving the stock 22.15% below its GF Value estimate of $191.99.

Broadcom projected $21.7 billion in fiscal fourth-quarter AI semiconductor revenue, a forecast that would lift AI chips to roughly 62.4% of companywide sales. The custom-chip and infrastructure-software maker said AI semiconductor revenue surged 221% to $16.7 billion in the third quarter, about 56.4% of its $29.59 billion in total sales. Management now expects companywide fourth-quarter revenue of approximately $34.8 billion alongside a 66% non-GAAP operating margin. Shares gained approximately 0.2% to $358.13, a price that sits 12.42% below the $408.91 GF Value. The company's growth remains tied to custom accelerators and high-speed networking, deepening its exposure to a relatively small group of hyperscale customers.