Amazon Shares Rise After AWS Announces AI Supercomputer Nvidia Rival—Here's What To Know
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Amazon Web Services announced a new AI supercomputer using its own machine learning chips, aiming to rival Nvidia. This development could impact Amazon's stock positively as it strengthens its position in AI and cloud computing.
December 03, 2024 | 8:30 pm
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Amazon's AWS announced a new AI supercomputer using its own machine learning chips, potentially challenging Nvidia's dominance in AI hardware.
The announcement of a new AI supercomputer by AWS using Amazon's own chips suggests a strategic move to compete with Nvidia in the AI hardware space. This could enhance Amazon's market position in AI and cloud computing, likely leading to a positive short-term impact on its stock price.
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