New Delhi, Sept. 8 -- Shares of Qualcomm, the largest maker of smartphone processors, gained nearly 9% during trading on Tuesday, 8 September, reaching a day's high of $183.49, their highest level in two months.

The rally came after the company announced that it had signed Amazon.com Inc as a data centre chip customer in a deal that will span "multiple generations" and gives Amazon the right to acquire up to $4 billion worth of Qualcomm shares.

The partnership will involve developing customised silicon to support Amazon Web Services' artificial intelligence infrastructure, Qualcomm said in a statement on Tuesday. The companies will work on chips that run AI services as well as those designed to connect computer components.

Under the te...