Nvidia shares rose Friday following Amazon’s positive outlook for the chipmaker.
Amazon increased its full-year capital expenditure forecast to $220 billion from $200 billion. This revised budget signals sustained investment in AI infrastructure powered by Nvidia processors.
CEO Andy Jassy dismissed concerns regarding competition from Amazon’s in-house chips. Jassy affirmed that Amazon Web Services remains the premier platform for Nvidia hardware. These comments reinforce expectations for continued strong demand from major cloud providers.