Aug. 29 at 12:48 AM
Amazon shares rose 3.6% during Thursday’s afternoon session to
$265.60 as investors continued assessing the broader implications of the company’s expanded GPU partnership with Nvidia, announced two days earlier.
Under the agreement, AWS will deploy 2 million additional high-performance Nvidia chips, including Blackwell Ultra, Rubin and Rubin Ultra models, across its global data-center infrastructure in 2027 and 2028. This will bring Amazon’s total committed Nvidia GPUs to more than 3 million, tripling its previous commitment. The announcement, alongside Nvidia’s record quarterly results and more than doubled year-over-year revenue, highlighted how demand for AI computing on AWS has already surpassed its previous 1 million-GPU commitment made just five months ago.
Analyst upgrades added further momentum. Andrew Boone raised his AWS outlook and set a
$315 price target, citing strong AI demand from major customers such as OpenAI and Anthropic.
$AMZN $NVDA