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Amazon Appoints Peter DeSantis to Lead New AI Division

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Amazon CEO Andy Jassy announced Peter DeSantis will lead a new AI division, focusing on models like Nova, chip development, and quantum computing. A long-time AWS executive, DeSantis will optimize models, chips, and cloud infrastructure. The move supports Amazon’s enterprise AI push, with a $50 billion U.S. infrastructure commitment and reported $100 billion OpenAI talks. Traders are analyzing the **support and resistance** levels in AI stock movements, with the **risk-to-reward ratio** improving for long-term positions.
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