Qualcomm, Corning Deals Spark AI Infrastructure Rally — SkimNews
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- Corning jumped 8% on Tuesday (now up 90% year-to-date) after announcing a multibillion-dollar fiber-optic cable partnership with Verizon for AI connectivity, following its June deal with Amazon and Nvidia's separate up-to-$3.2 billion investment commitment to build three new fiber-optic plants in North Carolina and Texas.
- Qualcomm issued warrants to Amazon allowing the cloud giant to acquire up to $4 billion in stock as part of a pact in which AWS will purchase up to $60 billion in Qualcomm server chips; CFO Akash Palkhiwala said December quarter revenue will be a "core component" in hitting the company's $15 billion fiscal 2029 data center revenue target.
- Intel gained 9%, AMD rose 6%, Hewlett Packard Enterprise climbed 8%, and photonics company Coherent added 7% as deal news validated investor conviction that data center spending will remain strong beyond Nvidia.
- AMD CFO Jean Hu told the Goldman Sachs Communacopia conference that the company's total addressable market will now hit $3 trillion by 2030, upgrading from CEO Lisa Su's July projection of a $2 trillion semiconductor industry through 2028.
- Anthropic plans to flag negative public sentiment toward AI and data centers as a risk factor in its forthcoming IPO prospectus, citing a May 2026 Gallup poll showing 71% of Americans oppose data centers being built in their communities.
Why it matters: The Qualcomm-Amazon pact anchors up to $60 billion in server chip purchases against Qualcomm's $15 billion fiscal 2029 data center target, while AMD now sizes the AI chip market at $3 trillion by 2030 — yet the 71% community-opposition Gallup figure shows the buildout Anthropic will formally disclose as an IPO risk.
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