Amazon is expanding its AI chip strategy by planning to sell its custom Trainium AI chips outside of Amazon Web Services (AWS), targeting third-party data centers. This move aims to compete with NVIDIA in the AI infrastructure market and meets growing global demand, especially outside the U.S. Amazon's third-generation Trainium chips are largely sold out, and interest is building for the fourth-generation chips expected next year. The company expects this expansion will not hurt its cloud business due to high AI demand. Amazon's stock rose 2.55% amid this news, with analysts maintaining a positive outlook ahead of its Q2 earnings report expected on July 30.
Amazon is testing a new system called Full Facility Load Balancing (FFLB) to optimize worker movement in its robot-assisted warehouses. The system reallocates staff every three minutes based on workload changes, potentially saving nearly 7 million la...
Goldman Sachs warns that the $770 billion capital expenditure planned by major tech companies for AI in 2026 will increase their asset intensity and depreciation costs, squeezing profit margins. This surge in spending forces traditionally asset-light...
Goldman Sachs projects that capital expenditures (capex) by major hyperscalers like Alphabet, Amazon, Meta, Microsoft, and Oracle could reach $1.1 trillion by fiscal year 2027, driven largely by AI data center buildouts. Oracle alone forecasts up to ...
Despite recent bearish trends, Wall Street analysts maintain a bullish outlook on Amazon stock for the next 12 months. Jefferies and Bank of America reaffirmed 'Buy' ratings, setting price targets of $320 and $310 respectively, driven by expectations...
The traditional 'Magnificent 7' tech stocks that dominated market returns are losing their exclusive spotlight as AI innovation broadens the field. New groups like the 'FAB 10' now include private AI leaders such as OpenAI, Anthropic, and SpaceX, alo...
