Amazon's New Chips Coming for NVIDIA

Zacks2022-12-02

Hey everybody, Dave Bartosiak with Trending Stocks at Zacks.com. It all started with a nerd in a garage, trying to sell books. Now it’s evolved into a nerd on a megayacht trying to send space ships to...

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It all started with a nerd in a garage, trying to sell books. Now it’s evolved into a nerd on a megayacht trying to send space ships to Mars. Amazon AMZN is the great American capitalist success story. The company’s AWS division has become the profit center. Nearly three-quarters of Amazon’s operating profit comes from AWS.\nThe company is aiming to squeeze out even more profits by unveiling its own line of high-end chips. Customers can now rent computing power that relies on the company’s new version of its Graviton chips. According to executives, the product is a springboard to making high-performance computing available to the masses.\nThese new chips will be a more-cost effective computing solution when compared to chips from juggernauts like Nvidia NVDA and Intel INTC.\nWith Amazon entering the chip fray, let’s check-in on the stock and the chip industry to see if now is the time to buy.\nEvery time you share this video, Amazon enters and dominates yet another business. Subscribe to the YouTube channel, Twitter @bartosiastics, check out Zacks.com/promo for this week’s deal on Marijuana Innovators. For everybody at Zacks, I’m Dave Bartosiak and I’ll see you next time.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAmazon.com, Inc. (AMZN) : Free Stock Analysis Report\nIntel Corporation (INTC) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2288594986"}