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Amazon's expanded capex lifts Nvidia shares

Barrons.com +1 ·

NVDA NVIDIA Corp
$200.75 +2.93%
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  1. 1Nvidia (NVDA) shares rose about 0.6% in Friday's regular session on news of Amazon's (AMZN) increased capex plans.
  2. 2Amazon raised its $200 billion plan by 10% to $220 billion and added $20 billion to its 2026 capex.
  3. 3Hyperscaler spending is a key source of demand for Nvidia, and CEO Jensen stated that Nvidia chips remain essential.

This 3-line summary is compiled from the report below.

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