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I am clearly bullish on Amazon (i) and still expect a price increase to 400 USD. The Snowflake deal illustrates why. In the age of AI inference, the key is who can provide computing power at the lowest cost. This is where AWS has two levers that work together. First, the proprietary chips: Graviton for CPUs and Trainium for AI accelerators significantly lower the cost per computing cycle below the level that competitors can achieve with purchased hardware from Intel (i), AMD (i), or Nvidia. Second, Bedrock: This is the platform through which AI...
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