Amazon's AI Push Sends Nvidia Stock Soaring Past $200

Nvidia's stock price surged past $200 as Amazon's increased investment in AI and cloud computing fueled demand for the company's chips.

The tech giant's shares closed at $200.75 on Friday, up 2.9% on the day, although they fell 2.9% over the week.

Data centers accounted for 92.1% of Nvidia's most recent quarterly revenue, according to reported figures.

Amazon's decision to increase its projected capital expenditure by 10% to $220 billion is seen as a major driver of Nvidia's success, with the company's CEO Andy Jassy stating that it has a 'deep partnership' with Nvidia and that AWS clients will continue to seek out Nvidia systems.