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Benzinga
Benzinga
Business
Chandrima Sanyal

Move Over Nvidia: These ETFs See Amazon As The Next AI Infrastructure Star

Amazon Nvidia ETF AWS OpenAI
Toronto,,On,,Canada,,August,1,,2024:,View,At,The

The latest stock rally in Amazon.com Inc (NASDAQ:AMZN) is doing more than rewarding shareholders, it is redrawing the ETF map for AI exposure.

After Amazon hit a new all-time high on Monday, on news of a $38 billion, multi-year partnership between AWS and OpenAI, investors are realizing the biggest AI winner may not be the chipmaker — it may be the cloud landlord.

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