In the AI chip race, Amazon (AMZN) introduces the Trainium3 chip, offering 4x faster performance and 30-40% cost savings for developers. With a focus on efficiency and scalability, Amazon aims to challenge Nvidia’s dominance in the market. The stock has reacted positively, but the chart shows a market still undecided, with the potential for further growth. Analysts remain bullish on Amazon, with a consensus leaning heavily towards a “Strong Buy,” forecasting a 30% upside potential from the current price. The Trainium3 chip marks Amazon’s strategic shift in shaping the AI battlefield, positioning itself to stay competitive and meet soaring demand.

Read more at Barchart: As Amazon Launches the Trainium 3 Chip, Should You Buy, Sell, or Hold AMZN Stock?