Amazon CEO Says AI Chip Business Is Booming. It Could Be as Big as Broadcom.
2026-04-09 13:55:06 GMT
By Adam Clark
(Barron's) -- Amazon.com CEO Andy Jassy dismissed fears of an artificial intelligence bubble and told investors they shouldn't expect any slowdown in the firm's AI investments.
"I've followed the public debate on whether this technology is over-hyped, whether we're in 'a bubble,' and if the margins and ROIC [return on invested capital will be appealing. My strong conviction, at least for Amazon, is that the answers are no, no, and yes," Jassy writes in a shareholder letter for fiscal year 2025, published Thursday.
2026-04-09 13:55:06 GMT
By Adam Clark
(Barron's) -- Amazon.com CEO Andy Jassy dismissed fears of an artificial intelligence bubble and told investors they shouldn't expect any slowdown in the firm's AI investments.
"I've followed the public debate on whether this technology is over-hyped, whether we're in 'a bubble,' and if the margins and ROIC [return on invested capital will be appealing. My strong conviction, at least for Amazon, is that the answers are no, no, and yes," Jassy writes in a shareholder letter for fiscal year 2025, published Thursday.
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