Amazon’s cloud-computing arm, Amazon Web Services (AWS), has solidified its partnership with NVIDIA to enhance its portfolio with powerful generative AI technology.
Boosting AI Capabilities with NVIDIA
The NVIDIA Blackwell GPU platform, presented at GTC 2024, will now be accessible on AWS. This platform incorporates the GB200 NVL72, featuring 72 Blackwell GPUs and 36 Grace CPUs connected by fifth-generation NVIDIA NVLink. This advancement is expected to accelerate inference workloads for resource-intensive language models.
Strengthening AWS Portfolio
Amazon’s continuous efforts to expand its AWS portfolio have been greatly supported by this collaboration. AWS’s robust customer base and expanding portfolio have been instrumental in driving the company’s cloud customer momentum, resulting in significant growth of AMZN shares.
Competitive Landscape
AWS, with 31% of the global cloud provider market share, remains a formidable player ahead of Microsoft and Alphabet’s Google. In the increasingly competitive environment of cloud services, Amazon’s strategic collaborations and innovative offerings continue to set it apart.
Generating Opportunities in AI
Amazon’s strategic moves towards enhancing generative AI, including the introduction of Amazon Bedrock and Amazon Titan Embeddings, demonstrate a clear commitment to capitalizing on the expanding horizons of this market. The potential growth in the generative AI market, with a predicted value of $191.8 billion by 2032, marks a significant opportunity for Amazon’s continued success.
Zacks names #1 semiconductor stock, highlighting the potential for significant growth in the sector. With the global semiconductor market projected to grow substantially, Amazon’s position in this space appears promising for investors seeking long-term opportunities.
