Amazon plans to procure NVIDIA chips worth $8 billion to meet its cloud computing and artificial intelligence business needs. According to the latest earnings report, NVIDIA’s GPU shipments in the third quarter of 2023 grew 106% year over year, with the data center business accounting for 82%. This move by Amazon will significantly enhance the competitiveness of its AWS cloud services. The chips are expected to be mainly used to support its generative AI models and large-scale data analytics projects. #AmazonPlansToSell$8BNvidiaChips