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Wajeeh Khan

As Amazon Takes on Chipmakers, Should You Buy AMZN Stock Here?

Amazon Amazon.com Inc. Andy Jassy AWS Mississippi

Amazon (AMZN) shares ripped higher on Thursday after CEO Andy Jassy said the company could start selling artificial intelligence (AI) chips directly to third parties. 

Adding to momentum on April 9 was Amazon's $25 billion commitment to data center expansion in Mississippi. The U.S.-Iran ceasefire, which triggered a broader market rally, is also a contributing factor. 

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