AWS CEO Jassy Says AI Chip Market is Promising
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy AMZN?
CEO Jassy states: "Nobody has a better set of chips across AI and CPU workloads than AWS. With Trainium and Graviton, and we're unusually well positioned for this AI inflection. We're in the early stages of experiencing it. While the largest number of AI chips we're bringing in are Trainium, we continue to have a deep partnership with Nvidia. We have immense respect for them. continue to order substantial quantities. We will be partners for as long as I can foresee. We will always have customers who want to run Nvidia on AWS. We will also have a very large chips business ourselves. Customers always want choice." Comments taken from Q1 earnings conference call.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 271.170
Low
175.00
Averages
280.01
High
325.00
Current: 271.170
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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