In this video, I will be talking about Amazon‘s (AMZN -1.08%) move that will see it making its own chips and competing directly with its partners Intel, Nvidiaand AMD.
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*Stock prices used were the closing prices of Nov. 30, 2022. The video was published on Dec. 1, 2022.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Neil Rozenbaum has positions in Amazon.com and Intel. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon.com, Intel, and Nvidia. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short January 2025 $45 puts on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting his services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.