Amazon halts orders of Nvidia 'superchip' to await updated model - FT
Portfolio Pulse from Benzinga Newsdesk
Amazon has paused orders of Nvidia's 'superchip' as it awaits an updated model, according to the Financial Times.
May 21, 2024 | 1:18 pm
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NEGATIVE IMPACT
Nvidia's 'superchip' orders from Amazon have been paused as Amazon awaits an updated model. This could affect Nvidia's short-term sales and stock price.
The pause in orders from a major client like Amazon could negatively impact Nvidia's short-term sales and stock price. Investors may react to the potential delay in revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Amazon has paused orders of Nvidia's 'superchip' as it awaits an updated model. This decision could impact Amazon's short-term operations and its relationship with Nvidia.
Amazon's decision to halt orders may affect its short-term operations but is likely a strategic move to ensure they receive the latest technology. The impact on Amazon's stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80