Amazon AI Chip Executive Joins Arm to Build Complete Chips

Amazon.com, Inc. (NASDAQ:AMZN) is among the best stocks to buy now according to AI. On Monday, it was revealed that Arm Holdings has hired Rami Sinno, artificial intelligence chip director at Amazon.com, Inc. (NASDAQ:AMZN), in an effort to develop its own complete chips.

Up to this point, Arm has not developed its own chips; rather, it merely designs the core architecture and instruction set for processors that big names like Apple and Nvidia utilize in their chips. Sinno, who was responsible for developing the company’s two homegrown AI chips, Trainium and Inferentia, had a direct role in helping Amazon.com, Inc. (NASDAQ:AMZN) build and run large AI applications.

Amazon.com, Inc. (AMZN) Is "An Overall Piece," Says Jim Cramer

A customer entering an internet retail store, illustrating the convenience of online shopping.

Just recently, Amazon.com, Inc. (NASDAQ:AMZN) achieved what seemed impossible by expanding into same-day fresh grocery delivery, tapping a $940 billion US grocery market. With vast logistics, data analytics, and a $4 billion infrastructure investment, it is no doubt that Amazon.com, Inc. (NASDAQ:AMZN) is a leader in the market.

Amazon.com, Inc. (NASDAQ:AMZN) is a Washington-based company that offers consumer products, advertising, and subscription services through both online and physical stores. Founded in 1994, the company is committed to becoming the world’s most customer-focused company.

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.

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