Previous close | 46.75 |
Open | 46.65 |
Bid | 41.10 |
Ask | 43.50 |
Strike | 210.00 |
Expiry date | 2026-12-18 |
Day's range | 46.65 - 46.75 |
Contract range | N/A |
Volume | |
Open interest | 255 |
Amazon (AMZN) Web Services (AWS) has entered the semiconductor market, developing its own chips to train AI models in competition with industry leaders like Nvidia (NVDA). At the 2024 Goldman Sachs Communacopia and Technology Conference, Yahoo Finance reporter Madison Mills interviewed AWS CEO Matt Garman to break down AWS's chip strategy. Garman acknowledges Nvidia's strong market position, calling it "a great platform" with a large customer base. However, he emphasizes that the chip market is vast, with "potential for multiple options," stressing the importance of customer choice. AWS's semiconductors, Inferentia and Trainium, are "specifically built for AI inference," Selipsky explains. These chips offer particular value for small-scale inference tasks, helping customers reduce costs. He also notes that AWS is working on improving these chips to train large language models. "We think that there's this really large market segment and there's room enough for customers to be using the best product for the use case for a long time," Selipsky told Yahoo Finance. Although he expressed support for other chipmakers, stating that AWS does not expect to become "fully reliant" on its own chips. Catch Yahoo Finance's full interview with Matt Garman here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Forgoing direct competition on large language models, Amazon Web Services wants to train and sell whatever AI models its customers want — and reap the benefits.
D.A. Davidson has initiated coverage on Meta Platforms (META) — with a Buy rating and $600 per share price target — and Alphabet (GOOG, GOOGL) — with a Neutral rating and $170 per share price target. Additionally, D.A. Davidson managing director Gil Luria has excluded Tesla (TSLA) in his Magnificent Seven coverage in the firm's "compute sector," grouping Meta and Alphabet with Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA). On Tesla, Luria wrote “if it looks like a duck (greater than 90% of revenue from cars) and quacks like a duck (greater than 90% of profits from cars) it might just be a duck (a car company)" in a note on Tuesday. Luria sits down with Julie Hyman and Josh Lipton on Market Domination to talk more about his call about these tech giants and their investments in AI and computing. "Those markets require scale, reach, and capital. So unlike previous waves of technology innovation that came from startups, innovation now is coming from... these biggest companies. So these six companies will continue to dominate in AI and spatial computing, and extend their lead from the sectors they're already in — desktop and mobile computing, cloud computing and advertising, computing," Luria tells Yahoo Finance. "They'll keep dominating those and they'll dominate the next two waves." Luria elaborates on how Meta is differentiating its AI usage and large language models from its Silicon Valley counterparts as prominent tech players continue to spend more on Nvidia chips. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.