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MarketBeat
MarketBeat
Sam Quirke

What a $1 Billion Chip Deal Says About Amazon's AI Ambitions

In the race to dominate AI, most of the attention has fallen on the big cloud and AI giants snapping up chips by the truckload from the likes of NVIDIA Corporation (NASDAQ: NVDA). Yet some of the smartest moves are arguably being made by those quietly building their own.

Amazon.com Inc. (NASDAQ: AMZN) has long been one of them, and last week it doubled down on this strategy, signing a multi-year deal worth more than $1 billion with chip-design specialist Synopsys Inc. (NASDAQ: SNPS) to deepen its work on custom silicon.

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