Amazon’s AI Chips Are Driving Growth. Here’s Why That Could Accelerate

Amazon (NASDAQ: AMZN) boasts a diversified business. The company has made it a habit of establishing itself as a leader in most of the markets where it operates. The list includes e-commerce, cloud computing, streaming, and digital advertising. Could the tech leader do the same in the market for artificial intelligence (AI) chips? Recent comments from the company’s CEO, Andy Jassy, suggest that Amazon’s AI chips are becoming a growth powerhouse, and there could be even more upside ahead. Here’s what investors need to know.

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A booming business

Amazon doesn’t sell its chips to external customers. The company installs them in its data centers and allows its cloud customers to train or deploy AI models using its…