Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The long-term earnings growth rate for ANET is currently projected at 19.77%. Shares of Arista Networks have surged 79.4% in the year-to-date period. BMI’s long-term earnings growth rate is currently projected at 20.39%. Shares of Badger Meter have gained 57% in the year-to-date period. You can see the complete list of today’s Zacks #1 Rank stocks here. While Badger Meter sports a Zacks Rank #1 (Strong Buy), Arista Networks carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader technology sector are Badger Meter ( BMI Quick Quote BMI - Free Report) and Arista Networks ( ANET Quick Quote ANET - Free Report). Zacks Rank & Other Stocks to ConsiderĬurrently, Amazon carries a Zacks Rank #2 (Buy). Per an Allied Market Research report, the global generative AI market’s value is likely to hit $191.8 billion by 2032, witnessing a CAGR of 34.1% between 20.Īmazon’s solidifying prospects in this promising market are likely to instill investor optimism in the stock.Īmazon has returned 73.9% on a year-to-date basis. Growing generative AI efforts are expected to aid Amazon in capitalizing on the immense growth prospects present in the generative AI market.Ī Bloomberg report shows that the underlined market is expected to reach $1.3 trillion by 2032, seeing a CAGR of 42% over 2022-2023. It added Meta’s Llama 2 to Amazon Bedrock as a new model, which will be available through API.ĪWS unveiled a new capability of Amazon CodeWhisperer, which is designed to offer generative AI-powered customized code suggestions by leveraging an organization's own internal codebase. The company also made the Amazon Titan Embeddings model generally available. Recently, AWS announced the general availability of its fully managed service called Amazon Bedrock, which provides seamless access to high-performing foundation models from AI companies through an API. We believe the latest move bodes well for Amazon’s growing efforts toward bolstering its generative AI efforts. The underlined partnership also brings NVIDIA software, namely NVIDIA NeMo Retriever and NVIDIA BioNeMo, to AWS to accelerate generative AI development for custom models. Quote More on the HeadlinesĪpart from the abovementioned endeavors, Amazon intends to expand Amazon EC2 instances with the support of NVDA.ĪWS will introduce three instances, namely P5e, G6 and G6e instances, which will powered by NVIDIA H200 Tensor Core, NVIDIA L4 and NVIDIA L40S GPUs, respectively. We note that the latest collaboration is likely to aid AWS in delivering an enhanced generative AI experience to customers.Ī, Inc. The supercomputer will be backed by GH200 NV元2 and Amazon EFA interconnect. In addition, both companies are gearing up to design an ultrafast GPU-powered AI supercomputer through Project Ceiba. This apart, Amazon strives to accelerate the training of generative AI and large language models by hosting NVIDIA DGX Cloud, an AI-training-as-a-service on AWS. The platform will also be supported by AWS Nitro System and Amazon EC2 UltraClusters, thus delivering robust scalability to customers. The GH200 NV元2 multi-node platform is designed to connect 32 Grace Hopper Superchips with NVIDIA NVLink and NVSwitch technologies into one instance, which will be available on Amazon Elastic Compute Cloud (Amazon EC2) instances. The latest extension of the partnership with NVIDIA will allow Amazon’s cloud computing platform, Amazon Web Services (“AWS”), to offer NVIDIA GH200 Grace Hopper Superchips with new multi-node NVLink technology. Amazon ( AMZN Quick Quote AMZN - Free Report) is bringing advanced supercomputing infrastructure, software and services to aid customers with generative artificial intelligence (“AI”) innovations in collaboration with NVIDIA ( NVDA Quick Quote NVDA - Free Report).
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