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Market Impact: 0.4
Amazon Jumps 4% on Expanded AWS Chip Deal: Why Is NVIDIA Falling 4%?
Source: 247wallst.com
Technology & InnovationCompany FundamentalsMarket Technicals & Flows
Amazon shares are up 4% to $265 after the company and its largest chip supplier confirmed a sharply expanded infrastructure deal. The update is supportive for AMZN’s capex/infrastructure trajectory and reinforces the company’s technology supply chain. Overall, the market appears to be rewarding the deal with a near-term positive re-rating for AMZN versus its sector.
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Overall Sentiment
strongly positive
Sentiment Score
0.45
Ticker Sentiment
AMZN0.65
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