CAN AMAZON TAKE MARKET SHARE FROM NVIDIA IN THE AI CHIP RACE ?

What happened: Amazon (NASDAQ: AMZN) released a software tool that lets its Trainium AI chips run code written in the most popular AI coding language without modification, aiming to compete with Nvidia's (NASDAQ: NVDA) GPUs. Key numbers: Amazon's chip business reached a $25 billion annual revenue run rate in the second quarter. Why it matters: The article states investors should not expect these developments to have a meaningful effect on Nvidia's results, since Amazon and other hyperscalers still buy large volumes of Nvidia chips. Nvidia remains the clear leader in data center chips. Coverage: 3 outlets in 24h

Amazon (NASDAQ: AMZN) released a software tool that lets its Trainium AI chips run code written in the most popular AI coding language without modification, aiming to compete with Nvidia's (NASDAQ: NVDA) GPUs.

The article states investors should not expect these developments to have a meaningful effect on Nvidia's results, since Amazon and other hyperscalers still buy large volumes of Nvidia chips. Nvidia remains the clear leader in data center chips.