A new AI-powered hybrid Hollywood startup backed by AWS is betting that cutting-edge production tech can cut costs, speed up filming and bring jobs back to LA.
Amazon (AMZN) is set to report earnings after the closing bell on Wednesday, with the stock seen potentially rallying to new record highs following the report.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has signed a multiyear agreement with Amazon Web Services (AWS) to deploy tens of millions of AWS Graviton cores, strengthening its compute capacity for artificial intelligence systems. The rollout will make Meta one of the largest users of AWS Graviton5 chips, which are designed for high-efficiency CPU performance in cloud environments.
Pre-market futures are off their early morning highs, but still mostly in positive territory. Cease-fire talks look promising, as Iran reportedly is sending negotiators to Pakistan and plans are for an Israel-Lebanon summit in the U.S. But the Strait of Hormuz remains closed, and even though Q1 earnings continue to come in strong, there remain plenty of question marks on the horizon.
The Nasdaq is by far the outperformer among major indexes at this hour, +315 points or +1.17%.
Meta has signed an agreement that it said makes the company one of the world's largest customers of AWS Graviton cores, which are processing cores purpose-built for the demands of agentic artificial intelligence.
Amazon.com continues to pick up artificial-intelligence momentum, with the company's chip business securing a substantial customer.
X-Energy scrapped a public offering less than three years ago, before the artificial-intelligence boom took hold.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Amazon (AMZN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2026.
Amazon just scored a major coup with Meta thanks, once again, to Amazon's own homegrown chips. Meta has signed a deal to use millions of AWS Graviton chips to power its growing AI needs, Amazon announced Friday.
The social-media giant enters multiyear agreement to use Amazon Web Services' Graviton CPU chips to power its AI efforts.
Amazon boss Andy Jassy has embarked on a broader project to reduce corporate bureaucracy, including an internal hotline for calling out excessive red tape.