Amazon.com Inc. AMZN is preparing to introduce its newest artificial intelligence chips in December. His strategic move aims to leverage Amazon’s significant investments in semiconductors and reduce reliance on Jensen Huang’s Nvidia Corp.
Taiwan Semiconductor Mfg. Co. Ltd. TSM is set to double its production capacity for advanced packaging, a move driven by the increasing demand for artificial intelligence chips from major players like Nvidia Corp. NVDA, Microsoft Corp MSFT,… Article Source https://www.benzinga.com/markets/equities/24/11/41706702/nvidia-supplier-tsmc-to-double-advanced-chip-packaging-capacity-as-ai-demand-from-microsoft-amaz
Amid a tech-driven stock market surge, major U.S. investment funds are being compelled to sell shares to comply with tax regulations. This move is necessary to prevent breaching rules that mandate diversified portfolios. What Happened:… Article Source https://www.benzinga.com/markets/equities/24/10/41538660/tesla-nvidia-led-market-rally-now-pressures-investment-funds-to-offload-shares-to-avoid-us-tax-l
Wedbush analyst Scott Devitt has reiterated an Outperform rating and $205 price target on Alphabet Inc. GOOG ahead of earnings on Oct. 29. Here’s what you need to know. What To Know: The Wedbush analyst released a new note on Wednesday… Article Source https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41527087/q3-earnings-wont-be-catalyst-google-investors-are-hoping-for-but-alphabet-stock-sti
The past week was buzzing with tech news, with a major focus on the rapid expansion of AI and its implications. From the “mind-blowing” demand for AI power to the “awakening of AI” led by ChatGPT, the tech world is witnessing a… Article Source https://www.benzinga.com/news/24/10/41418188/ai-power-demand-skyrockets-nvidia-ceo-lauds-openai-and-teslas-optimus-robots-assisted-by-humans-this
Nvidia Corp’s NVDA Blackwell chips will not be available before early 2025, affecting key clients like Amazon.com Inc’s AMZN cloud unit. The artificial intelligence chip designer’s production challenge prompted Amazon Web Services to… Article Source https://www.benzinga.com/news/24/10/41405124/whats-going-on-with-nvidia-stock-on-friday
Amazon.com Inc’s AMZN AWS unit CEO, Matt Garman, has staunchly defended the company’s contentious new five-day in-office policy, suggesting that those who oppose it may consider other employment options. What Happened: According to a… Article Source https://www.benzinga.com/news/24/10/41394784/amazon-aws-ceo-stands-firm-on-5-day-office-policy-opponents-can-head-for-the-exit-door-there-are-oth
Amazon.com Inc AMZN inked a five-year deal with data and AI startup Databricks to provide businesses with cost-effective AI-building capabilities. The financial terms of the contract remain undisclosed. The partnership centers around… Article Source https://www.benzinga.com/news/24/10/41337034/amazon-strikes-at-nvidias-stronghold-through-databricks-deal-cutting-ai-costs-by-40
Scotiabank analyst Nat Schindler initiated coverage on Amazon.com, Inc. AMZN with a Sector Outperform rating and price target of $245 per share. The analyst writes that Amazon benefits from a leadership position across all verticals,… Article Source https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41297538/amazons-ai-driven-aws-growth-to-power-outperformance-analysts
During the AWS NYC Summit, Amazon showcased its Generative AI (GenAI) skills, impressing attendees and positioning itself as a frontrunner in the AI race. JPMorgan analyst Doug Anmuth predicts a bright future for Amazon, with a price target of $240 by December 2024. Anmuth expects AWS revenue growth to accelerate through 2025, reaching 20% in … Read more