Nvidia Expands Partnership with Amazon Web Services
Nvidia (NASDAQ: NVDA) has solidified its standing in the artificial intelligence (AI) chip market by expanding its partnership with Amazon Web Services (AWS). Under a new agreement, AWS will purchase an additional 2 million GPUs over the next two years, marking a crucial investment amidst growing competition from companies like AMD and Intel. Nvidia’s leadership in GPUs is further emphasized by its projected revenue from stand-alone CPUs, with an anticipated $20 billion in revenue this year.
In its latest financial report, Nvidia reported a staggering 106% increase in revenue, reaching $96 billion, and a 126% rise in profit to $59 billion. Despite significant competition, including Amazon’s in-house chip development, Nvidia continues to play a pivotal role in AWS’s strategy, which reported a $25 billion annual revenue run rate for its custom chips.
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