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Amazon's New Chips Coming for NVIDIA

David Bartosiak
·1 min read

Hey everybody, Dave Bartosiak with Trending Stocks at Zacks.com. It all started with a nerd in a garage, trying to sell books. Now it’s evolved into a nerd on a megayacht trying to send space ships to Mars. Amazon AMZN is the great American capitalist success story. The company’s AWS division has become the profit center. Nearly three-quarters of Amazon’s operating profit comes from AWS.

The company is aiming to squeeze out even more profits by unveiling its own line of high-end chips. Customers can now rent computing power that relies on the company’s new version of its Graviton chips. According to executives, the product is a springboard to making high-performance computing available to the masses.

These new chips will be a more-cost effective computing solution when compared to chips from juggernauts like Nvidia NVDA and Intel INTC.

With Amazon entering the chip fray, let’s check-in on the stock and the chip industry to see if now is the time to buy.

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Every time you share this video, Amazon enters and dominates yet another business. Subscribe to the YouTube channel, Twitter @bartosiastics, check out Zacks.com/promo for this week’s deal on Marijuana Innovators. For everybody at Zacks, I’m Dave Bartosiak and I’ll see you next time.

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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report

Intel Corporation (INTC) : Free Stock Analysis Report

NVIDIA Corporation (NVDA) : Free Stock Analysis Report

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