In the race to dominate AI, most of the attention has fallen on the big cloud and AI giants snapping up chips by the truckload from the likes of NVIDIA Corporation NASDAQ: NVDA. Yet some of the smartest moves are arguably being made by those quietly building their own.
Amazon.com Today
As of 04:00 PM Eastern
- 52-Week Range
- $196.00
▼
$287.20
- P/E Ratio
- 20.23
- Price Target
- $321.63
Amazon.com Inc. NASDAQ: AMZN has long been one of them, and last week it doubled down on this strategy, signing a multi-year deal worth more than $1 billion with chip-design specialist Synopsys Inc. NASDAQ: SNPS to deepen its work on custom silicon.
Announced last Wednesday, the deal extends a partnership stretching back more than 15 years. For a company that has spent over a decade building its own processors, it clearly signals intent.
Investors have taken note, too. Amazon shares have ticked higher…
https://www.marketbeat.com/articles/what-a-1-billion-chip-deal-says-about-amazons-ai-ambitions/
