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MarketWatch

Amazon’s chip business scores another major win

Amazon’s chip business scores another major win
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Amazon’s stock jumped toward a record high Friday, after the company announced that Meta plans to use tens of millions of the company’s Graviton chips for agentic AI workloads.

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President Donald Trump’s Department of Justice on Friday said that it’s backing down in a standoff over the leadership of the Federal Reserve, and that announcement is expected to pave the way for Trump’s nominee for Fed chair, Kevin Warsh, to take over for current Fed Chair Jerome Powell as Powell’s term for that role ends May 15.

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