Nvidia Loses Ground as Amazon Semiconductor Operation Surges

Nvidia Corp.'s dominance in the trillion-dollar chip market is facing increased competition from major players like Amazon.com Inc.

Amazon's CEO, Andy Jassy, boasted during a conference call in July that his company's semiconductor operation would generate over $25 billion in annual revenue if it were standalone, with sales growing by triple digits.

This development has significant implications for Nvidia, which relies heavily on Amazon as one of its top customers.