# Shares of Amazon popped nearly 3% to above $263 each, on track for their second record-high close this week.

*business · news · 2026-04-24 · CNBC*

## Key points

- Meta Platforms will use Amazon's Graviton chips for at least three years, making Meta a top-five Graviton customer.
- Amazon's chip business, including Graviton, Trainium, and Nitro, now has an annual revenue run rate over $20 billion.
- Meta's adoption of Graviton aims to reduce AI compute costs for large-scale, always-on workloads.
- Amazon Web Services is strengthening its position in AI cloud infrastructure by offering viable alternatives to Nvidia GPUs.

**Companies:** Amazon, Meta Platforms, Nvidia, Microsoft, Alphabet, Broadcom
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/04/24/amazon-custom-chips-get-a-boost-from-meta-giving-the-cloud-giant-another-path-to-win-in-ai.html)

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