By Samuel O’Brient
Publication Date: 2026-04-09 16:50:00
It’s been a while since Andrew Left was shorting Nvidia, but he still thinks the company might be in trouble.
The short-seller flagged Andy Jassy’s 2025 letter to shareholders, in which the Amazon CEO highlighted the company’s ambitious AI expansion plans, claiming they will change the economics of the AWS platform. His statement included a prediction that customers will start to shift away from AI chips built by Nvidia.
“We have a strong partnership with NVIDIA, will always have customers who choose to run NVIDIA, and we will continue to make AWS the best place to run NVIDIA,” Jassy wrote. “However, customers want better price-performance.”
Left, who years ago had flagged Nvidia as a likely candidate to dominate the AI market, made it clear that he agrees with Jassy that a shift is coming. In an X post posted by his firm Citron Research, he described the letter as a “gamechanger” and set a $300 price target for Amazon stock, an increase of about 30% from Thursday’s price….
