AI Gold Rush: Amazon and Nvidia See No Slowdown in Data Center Demand

The AI boom shows no signs of cooling, according to tech heavyweights Amazon and Nvidia. At Amazon’s AWS Summit this week, CEO Adam Selipsky confirmed surging demand for cloud infrastructure driven by generative AI applications. He emphasized AWS’s continued investment in data center expansion and its partnership with Nvidia to offer top-tier AI accelerators like the H100 and forthcoming B100 GPUs.

Nvidia, fresh off a strong earnings report and a nearly $3 trillion valuation, echoed the bullish sentiment. CEO Jensen Huang stressed that the AI-driven upgrade cycle for data centers is just beginning. He anticipates massive modernization of existing infrastructure, as traditional CPU-based systems are replaced by advanced GPU-accelerated platforms to support the rising workload from AI tasks.

The companies’ shared outlook comes amid broader excitement around generative AI solutions, which are fueling demand for both hardware and cloud-based AI services. Together, Amazon and Nvidia are positioning themselves as central players in what’s shaping up to be a multi-trillion-dollar AI ecosystem.