Is Nvidia stable this time? A statement from Amazon's CEO revealed a key signal.

Core Information: There is one week left until Nvidia's earnings report on November 19, and the market is closely watching this number. Amazon CEO Jassy's recent remarks have given investors some reassurance.

Focus of the Issue

Many people are concerned about one thing: Nvidia's clients (large companies like Amazon and Google) have started to develop their own chips. Will they gradually reduce their purchases from Nvidia?

This issue seems reasonable, but Jassy's latest statement has changed the narrative.

Key Signals

During Amazon's earnings call, Jassy clearly stated: “We expect our relationship with external chip designers like Nvidia to continue to grow. They are important partners, and we will continue to order a large number of Nvidia chips.”

These 16 characters actually explain two things:

1. Demand is still very strong - AWS has seen high capacity demand, not cutting orders.
2. Win-win situation - Amazon's self-developed chip (Trainium) is not meant to replace Nvidia, but to serve different customer groups.

Digital Background

• Nvidia's revenue reached 130 billion USD last year.
• AMD's recent financial report shows a 36% increase in quarterly revenue to $9.2 billion.
• However, Nvidia's GPUs are still the strongest in the AI competition (customers are willing to pay for this).

Significance for the Future

This means that Nvidia's earnings report on November 19 may continue to exceed expectations. Not only the growth figures for the quarter, but also the guidance for the coming months could be optimistic. Nvidia has a history of always beating analyst expectations, and this time is likely to continue.

Bottom line: The big client saying “We will continue to use your chips” is more persuasive than any concerns.