10:24 AM EDT, 05/22/2024 (MT Newswires) -- (Updates with companies' responses to requests for comment and details throughout.)

Amazon.com's ( AMZN ) Amazon Web Services cloud-computing unit has stopped orders of Nvidia's ( NVDA ) "superchip" to wait for a new, more powerful model, the Financial Times reported Tuesday, citing AWS.

AWS has "fully transitioned" its previous orders for the chip giant's Grace Hopper superchip, which was launched in August, and replaced them with its successor, Grace Blackwell, AWS reportedly told the FT.

The move "made sense" as "the window between Grace Hopper and Grace Blackwell was small," the news outlet reported, citing AWS.

"To be clear, AWS did not 'halt' any orders from Nvidia ( NVDA )," AWS spokesperson Doron Aronson said via email in response to a request for comment. "In our close collaboration with Nvidia ( NVDA ), we jointly decided to move Project Ceiba from Hopper to Blackwell GPUs, which offer a leap forward in performance.

Nvidia ( NVDA ) declined MT Newswires' request for comment.

Amazon ( AMZN ) shares were up 0.4% in recent trading, while Nvidia ( NVDA ) was down 0.9%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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