By Unknown
Publication Date: 2026-05-09 22:17:00
Key Points
Amazon is one of Nvidia’s largest customers, and it just struck a new deal to buy more GPUs.
CEO Andy Jassy’s comments should concern Nvidia investors who rely on Nvidia’s leading market position.
Other hyperscale cloud providers shared similar comments recently.
Few companies have benefited more from the artificial intelligence megatrend than Nvidia(NASDAQ: NVDA). The company has leveraged its market-leading GPU design capabilities to capture a massive share of the rapidly expanding AI compute market. It’s built an entire ecosystem around its chips, ensuring it remains a key component of future data center buildouts.
And Amazon(NASDAQ: AMZN) is one of its largest customers. The online retailer is also the largest public cloud computing platform, renting compute capacity to enterprise customers. It plans to spend about $200 billion building data centers and outfitting them with chips this year, up from $131.8 billion last year. A large portion of that spending will go toward chips, including Nvidia’s latest GPUs and ancillary chips.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
But it’s not all good news for Nvidia. Amazon CEO Andy Jassy also shared a surprising revelation during the company’s first-quarter earnings call.
Image source: Getty Images.
