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Big tech earnings disappoint, US stocks dips: Who's the next hope?
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Amazon Developing AI Chips to Compete with Nvidia's, Offering Up to 50% Cost Savings

👉 Key Highlights:
📍 Amazon developing AI chips to reduce reliance on Nvidia.
📍 New AI chips aim to offer up to 50% cost savings.
📍 AI chips, Trainium and Inferentia, are newer designs.
📍 Amazon's Graviton chip, non-AI, in its fourth generation.
📍 AWS sales surged 17% to $25 billion in Q1 2024.
📍 AWS controls a third of the cloud computing market.
📍 Microsoft and Alphabet also developing AI chips.
📍 Amazon deployed 250,000 Graviton chips on Prime Day.
📍 80,000 custom AI chips used to handle Prime Day surge.
👉 Market Insights:
📍 The development of AI chips by Amazon signifies a shift towards in-house chip solutions, potentially reshaping the competitive landscape in cloud computing.

👉 Expert Statement:
🗨️ "The offering of up to 40%, 50% in some cases of improved price (and) performance - so it should be half as expensive as running that same model with Nvidia," said David Brown, Vice President, Compute and Networking at AWS.
Amazon Developing AI Chips to Compete with Nvidia's, Offering Up to 50% Cost Savings
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  • 103970650 : amazon is good at only simple task like selling things

  • 10baggerbamm : by the time Amazon comes out with their chip it's going to be functionally obsolete compared to what Nvidia is offering . Blackwell hasn't even come out it's sold out Ruben is ready to take the place of Blackwell and they're already working on the next generation above Reuben. at some point in time down the road there's going to be alternatives to older models of what Nvidia offered but we're probably 2 years out before it becomes a reality

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