Nvidia Stock Drops On Report Amazon Has 'Fully Transitioned' AI Chip Orders: The Details (UPDATED)
Portfolio Pulse from Adam Eckert
Nvidia shares are falling after a report that Amazon has halted orders for Nvidia's 'superchip' to wait for updated models. Amazon's cloud computing business has transitioned to Nvidia's latest Grace offering, causing concerns about a potential slowdown in demand for Nvidia's AI chips.

May 21, 2024 | 2:00 pm
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Nvidia shares are falling after Amazon halted orders for Nvidia's 'superchip' to wait for updated models. This transition has raised concerns about a potential slowdown in demand for Nvidia's AI chips.
Amazon's decision to halt orders for Nvidia's 'superchip' and wait for updated models has led to concerns about a potential slowdown in demand for Nvidia's AI chips. This news comes ahead of Nvidia's quarterly earnings report, adding to market anxiety.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
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Amazon has halted orders for Nvidia's 'superchip' and transitioned to Nvidia's latest Grace offering. This move is part of Amazon's strategy to wait for more powerful models.
Amazon's decision to transition to Nvidia's latest Grace offering is a strategic move to wait for more powerful models. This decision is less likely to impact Amazon's stock price significantly in the short term but shows its commitment to staying at the forefront of AI technology.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50