Qualcomm partners with Amazon to build next-gen AI data center infrastructure

Summary

Jim Cramer reacts to Qualcomm's reported multi-generation AI data center silicon partnership with Amazon, which sends Qualcomm shares higher premarket. He says Qualcomm now has something special after treading water, while also praising Marvell CEO Matt Murphy and Marvell's Alphabet deal. He is more cautious on Broadcom after a weak quarter despite strong guidance and a delayed 2029 ramp. The discussion closes with AI model competition accelerating.

• Qualcomm and Amazon announce a multi-generation customized AI data center silicon collaboration; Qualcomm trades up about 10% premarket.
• Cramer says Qualcomm had been treading water but now has something special in AI data center silicon.
• Cramer praises Marvell CEO Matt Murphy and the company's deal with Alphabet.
• Cramer expresses caution on Broadcom after a quarter that was not great despite fantastic guidance.
• The Broadcom 2029 ramp timeline disappointed investors looking for 2028, and the stock fell on the announcement.
• Cramer notes AI chip companies are increasingly in competition and AI models are improving quickly.