By Unknown
Publication Date: 2026-05-09 22:17:00
Key Points
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Amazon is one of Nvidia’s largest customers, and it just struck a new deal to buy more GPUs.
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CEO Andy Jassy’s comments should concern Nvidia investors who rely on Nvidia’s leading market position.
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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.
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