Amazon Soars on Nvidia Partnership, AI Infrastructure Commitment
Amazon's stock price has surged 3.6% in afternoon trading to reach $265.60, as investors react to the company's expanded partnership with Nvidia.
The deal involves AWS pledging to deploy an additional 2 million high-performance Nvidia chips across its global data center footprint during 2027 and 2028, tripling its total committed GPU count to over 3 million units.
This announcement comes on the heels of Nvidia's record-breaking quarterly earnings report, which showed revenue more than doubling year-over-year.
Analysts are bullish on Amazon's prospects, with Andrew Boone raising his AWS outlook and setting a $315 price target, citing surging AI demand from anchor customers like OpenAI and Anthropic as a structural tailwind for hyperscale cloud growth.