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- Amazon shares soar as AI boom fuels stellar growth in AWS cloud unit
Amazon shares soar as AI boom fuels stellar growth in AWS cloud unit
Plus: Amazon shares soar as AI boom fuels stellar growth in AWS cloud unit

Today's Newsletter Highlights:
Tim Cook says Apple is open to M&A on the AI front
Nvidia expands AI ties with Hyundai, Samsung, SK, Naver
Amazon shares soar as AI boom fuels stellar growth in AWS cloud unit and More
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Tim Cook says Apple is open to M&A on the AI front

Tim Cook, Apple’s CEO, said the company is open to mergers and acquisitions (M&A). This will help boost its plans for artificial intelligence.
Key Points :
Apple is increasing its investment in AI. It is also reorganising teams to enhance AI features in its devices and services.
Apple has been careful with big acquisitions. Cook said that size isn’t the key factor. The key question is whether a company can help advance Apple’s roadmap.
This year, Apple acquired seven smaller companies. Now, it signals a willingness to pursue larger targets if necessary.
Nvidia expands AI ties with Hyundai, Samsung, SK, Naver

Nvidia is expanding its AI infrastructure partnerships in South Korea.
The deal involves supplying more than 260,000 “Blackwell” AI chips to major customers. These include the government, Samsung Electronics, SK Group, Hyundai Motor Group, and Naver.
Key Points :
About 50,000 of these chips will back the government's national AI cloud and data centre plan. Samsung, SK, and Hyundai will each get up to 50,000 chips. They will use these for projects in manufacturing, self-driving cars, robotics, and smart factories. Naver will get around 60,000 chips for its AI computing infrastructure.
Nvidia CEO Jensen Huang announced the partnership while visiting South Korea for the APEC summit. He met with industry leaders casually, including at a well-known “chicken and beer” event.
South Korea aims to become a regional AI hub. The chip deal will boost AI manufacturing, semiconductor, and mobility sectors. It will also address global trade tensions, especially those linked to U.S.-China chip export rules.
Amazon shares soar as AI boom fuels stellar growth in AWS cloud unit

Amazon Shares Soar as AI-Led Cloud Unit Posts Strong Growth
Amazon’s stock rose about 11–12% after its cloud division, Amazon Web Services (AWS), reported strong growth in the third quarter. This growth came from increased demand for AI and infrastructure.
Key Points :
AWS revenue climbed about 20% year-on-year, reaching around $33 billion.
Competitors like Microsoft Azure and Google Cloud grew faster, at 40% and 34%. Still, AWS leads in size and scale.
Amazon’s retail business grew by 11% year-on-year, and its ad business surged 24% to $17.7 billion. This helped ease concerns over weaker e-commerce trends.
CEO Andy Jassy said that AWS is “growing at a pace we haven’t seen since 2022.” This growth is driven by demand for AI and core infrastructure.
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