Amazon stock is finally getting the breakout we have been waiting for — and another artificial intelligence chip win on Friday may help explain why. Shares of the e-commerce and cloud giant popped nearly 3% to above $263 each, on track for their second record-high close this week. The latest catalyst: Friday morning’s announcement that Meta Platforms has agreed to use Amazon’s Graviton chips to help run the social media and AI company’s massive computing needs. The deal, which will run at least three years, makes Meta a top-five customer of Graviton, which are central processing units (CPUs) based on an architecture from Arm Holdings , our newest Club stock. The partnership is important because it shines a spotlight on Amazon Web Services’ growing position in one of the most vital races in tech: supplying the infrastructure behind AI. As hyperscalers scramble for enough computing capacity to meet their AI ambitions, Amazon is increasingly showing it can compete as both a cloud…
Modernize Natural and Adabas Workloads on AWS with IBM ModernSystems accelerator AWS Blog Article Source https://aws.amazon.com/blogs/apn/modernize-natural-and-adabas-workloads-on-aws-with-ibm-modernsystems-accelerator/ Facebook Twitter Pinterest LinkedIn Digg…