Amazon stock rises, AWS signs a $1 billion+ Synopsys AI chip agreement
2026-09-30 22:49:08
According to CoinMeta, Amazon's stock rose by about 0.9% to around $248.50 due to Amazon Web Services (AWS) signing a multi-year chip design licensing agreement worth over $1 billion with [company name not provided in the original text], which further advances AWS's strategy in customizing silicon chips. This agreement grants AWS the intellectual property and engineering tools for chip design, enabling Amazon to develop its own accelerators and processors. AWS' latest revenue increased by about 37% year-over-year, reaching $42.2 billion, representing the fastest growth in 18 quarters. Amazon also plans to make capital expenditures of about $220 billion in 2026, mainly for data centers, servers, and related infrastructure.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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