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Stockreport

Amazon Is Considering Selling Its AI Chips to Other Companies [Yahoo! Finance]

NVIDIA Corporation (NVDA)  More Company Research Source: Yahoo! Finance
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
the cloud-computing giant's in-house silicon unit is on pace to bring in more than $20 billion over the course of a year. The disclosure offers a rare glimpse into the scale of Amazon's in-house chip operation, which produces general-purpose computing and AI accelerators, as well as chips that make the company's servers run more efficiently. Today, Amazon rents that hardware to customers of Amazon Web Services, the cloud-computing unit. But demand for processors capable of building artificial intelligence models has strained supply and sent companies looking for alternatives to Nvidia Corp.'s market-leading graphics processing units. “There's so much demand for our chips that it's quite possible we'll sell racks of them to third parties in the future,” Jassy said in his annual letter to shareholders. The Amazon chief, who took the reins almost five years ago, said the chip business would have a $50 billion annual run rate if it were an independent business selling semiconducto [Read more]
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Stockreport

Amazon Is Considering Selling Its AI Chips to Other Companies [Yahoo! Finance]

NVIDIA Corporation  (NVDA) 
More Company Research Source: Yahoo! Finance
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
the cloud-computing giant's in-house silicon unit is on pace to bring in more than $20 billion over the course of a year. The disclosure offers a rare glimpse into the scale of Amazon's in-house chip operation, which produces general-purpose computing and AI accelerators, as well as chips that make the company's servers run more efficiently. Today, Amazon rents that hardware to customers of Amazon Web Services, the cloud-computing unit. But demand for processors capable of building artificial intelligence models has strained supply and sent companies looking for alternatives to Nvidia Corp.'s market-leading graphics processing units. “There's so much demand for our chips that it's quite possible we'll sell racks of them to third parties in the future,” Jassy said in his annual letter to shareholders. The Amazon chief, who took the reins almost five years ago, said the chip business would have a $50 billion annual run rate if it were an independent business selling semiconducto [Read more]
IMPACT SNAPSHOT
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NVDA
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Price Change %
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Don't Miss Out On The Next BIG Stock Move
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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MAX UP
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%
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EVENT DAY
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PERFORMANCE SINCE EVENT
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