Amazon Stock: Anthropic And OpenAI Deals Highlight 'Growing Confidence' In Custom AI Chips

Amazon's latest cloud deal with Anthropic highlights the "growing confidence" in the tech giant's custom Trainium AI chips, Bank of America analysts said Tuesday. Amazon (AMZN) stock gained in morning trades. Seattle-based Amazon announced late Monday that it would invest an additional $25 billion in Anthropic, with the AI startup also agreeing to spend more than $100 billion with Amazon's...