Nvidia was rising on Wednesday. The chip maker looks to be shrugging off a challenge from Amazon.com when it comes to artificial-intelligence hardware.Nvidia shares were up 2.7% at $144.03 in afternoon trading.

If Nvidia significantly exceeds conservative growth targets with help from Blackwell, the stock could rise despite slowing revenue growth, and the absence of a killer app for generative AI.

At the core is AWS' Trainium chip. The tech giant's homegrown chip is its answer to Nvidia's all-powerful GPUs, which are widely used for training AI models. Chips are only half t

Shares were up 20% on Wednesday as Wall Street analysts welcomed the chip designer’s earnings for the October quarter.