Amazon to sell Trainium chips to third-party data centers from late 2027

Amazon plans to sell racks of its Trainium AI chips to external data centers starting in late 2027, putting it in direct competition with Nvidia. AWS revenue rose 39.3% to $46 billion in Q3, while Amazon's total revenue reached $201.9 billion, up 12%.

• Trainium and Graviton combined crossed a $25 billion annualized revenue run rate
• Anthropic committed to about 5 GW of Trainium capacity, OpenAI to roughly 2 GW
• AWS posted $46 billion revenue at a 38.7% operating margin, backlog at $578 billion
• Amazon revenue hit $201.9 billion vs $202.25 billion expected, EPS $1.89 vs $1.96