#graviton

US Top News and Analysis | Snowflake soars 30% on earnings beat and plan to spend $6 billion on Amazon cloud AI generated summary, Read the full article for complete information. Snowflake announced a $6 billion, five‑year commitment to Amazon Web Services, expanding its use of AWS’s custom Arm‑based Graviton CPUs and cloud‑based GPUs for artificial‑intelligence workloads. The deal, which does not include an equity investment, builds on earlier spending agreements that grew from $1.2 billion at the company’s 2020 IPO to $2.5 billion in 2023. In its fiscal first‑quarter results, Snowflake reported $1.39 billion in revenue—a 33 % year‑over‑year increase—and adjusted earnings of $0.39 per share, both surpassing analysts’ expectations, and projected Q2 product revenue of $1.415‑$1.420 billion with a 12.5 % operating margin. The company also disclosed the acquisition of AI startup Natoma. The partnership reflects a broader shift toward Arm‑based processors for AI‑intensive applications, as cloud providers and tech firms increasingly favor energy‑efficient CPUs alongside GPUs for next‑generation, agentic AI workloads. Read more: https://www.cnbc.com/2026/05/27/snowflake-amazon-graviton-cloud-chips.html #Snowflake #Amazon #AWS #Nvidia #Graviton

US Top News and Analysis | Amazon custom chips get a boost from Meta, giving the cloud giant another path to win in AI AI generated summary, Read the full article for complete information. Amazon’s shares jumped nearly 3 percent after Meta announced a multi‑year deal to run its AI workloads on Amazon Web Services’ Graviton CPUs, making Meta a top‑five Graviton customer and underscoring AWS’s growing role in AI infrastructure. The partnership highlights Amazon’s broader chip strategy—offering cost‑efficient Graviton processors for “always‑on” reasoning tasks and Trainium accelerators for AI model training—as a complement to Nvidia’s GPUs and a way for cloud customers like Meta to lower compute expenses. Jim Cramer praised the move, noting that Amazon’s chip revenue now exceeds $20 billion and is growing at triple‑digit rates, and he maintains a bullish outlook on both Amazon and Meta ahead of their upcoming earnings reports. Read more: https://www.cnbc.com/2026/04/24/amazon-custom-chips-get-a-boost-from-meta-giving-the-cloud-giant-another-path-to-win-in-ai.html #Amazon #Meta #AWS #Graviton #JimCramer AI generated summary, Read the full article for complete information.