Market News / Story
Amazon Stocks Drop as AWS Raises Reserved GPU Prices
GuruFocus ·
GuruFocus reports: Amazon , the commerce and cloud-computing company, raised Nvidia-based EC2 Capacity Block rental prices by roughly 15%, effective October 7, while shares traded at $254.64, down 0.65% at 10.25 am EST on October 7. MarketWatch reported the increase as AI customers face a bigger bill for reserved computing capacity. Amazon is charging more for access to the hardware powering the AI buildout. Customers reserve accelerators for set periods and pay the reservation fee upfront.…