business / news / / CNBC
Shares of Amazon popped nearly 3% to above $263 each, on track for their second record-high close this week.
Meta Platforms will use Amazon's Graviton chips for at least three years, making Meta a top-five Graviton customer.
KEY POINTS
- 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
Summarized by Newsio from CNBC. How we summarize →