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Amazon's $82.68 Billion Trading Volume Lands Ninth in Market Rankings as it Invests $84.4 Million in AMD
Generated by AI AgentAinvest Market Brief
Wednesday, May 7, 2025 8:03 pm ET1min read
On May 7, 2025, Amazon's trading volume reached $82.68 billion, marking a 51.92% increase from the previous day, placing it ninth in the day's stock market rankings. Amazon's stock price rose by 2.00%.
Amazon has made a significant move by acquiring 822,234 shares of
(AMD), valued at $84.4 million. This investment underscores Amazon's strategic focus on the AI and cloud computing sectors, as AMD's data center chips gain prominence. The acquisition comes at a time when demand for AI chips is surging, with reporting a Q1 revenue of $7.44 billion, surpassing analyst estimates of $7.12 billion. AMD's Data Center segment experienced a 57% year-over-year increase, highlighting the growing importance of AI workloads. Amazon's investment in AMD's advanced processors is aimed at enhancing its AWS cloud services and diversifying its AI hardware options beyond Nvidia.
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