Uber Deploys AWS Graviton4 Chips, BNP Paribas Sees 50% Upside in Amazon
Uber is deploying AWS Graviton4 chips and piloting Trainium3 for AI model training to accelerate rider-driver matching across billions of trips. BNP Paribas says Amazon’s AI capex is justified, highlighting revenue per employee gains to $455,000 from $319,600 and urging focus on backlog-to-capex ratio, retaining outperform rating with 50% upside.
1. Uber Expands AWS Infrastructure Adoption
Uber has expanded its AWS partnership by deploying Graviton4 chips to accelerate rider-driver matching and is piloting AWS Trainium3 for AI model training, aiming to enhance personalization across billions of annual trips.
2. BNP Paribas Upholds Amazon’s AI Capex Strategy
BNP Paribas analyst Nick Jones maintains that Amazon’s heavy AI infrastructure spending is justified, highlighting revenue per employee growth from $319,600 in FY2022 to $455,000 in FY2025 and recommending investors focus on the backlog-to-capex ratio; the firm retains an outperform rating with a 50% upside target.
3. SpaceX’s Planned IPO Highlights Tech Valuation Hierarchy
SpaceX’s confidential IPO filing targets a $1.75 trillion valuation and over $75 billion in proceeds, surpassing Meta and Tesla in scale and placing it just below Apple, Amazon and Alphabet; secondary trading has already pushed its private valuation above $1.5 trillion.