News Summary

• Amazon's AI chief confirmed the discussions but declined to name potential customers.
• The initiative represents a key expansion of Amazon Web Services' efforts to challenge Nvidia's dominance in the AI hardware market.
• Amazon shares gained as much as 2.5% on Thursday, June 18, reaching an intraday high of $243 on the news of the Trainium sales discussions.
• The move by Amazon to sell its chips directly to companies to Nvidia, which has seen its market capitalization reach $4 trillion amid the AI boom.