Amazon (AMZN) Expands AWS Portfolio with New EC2 Instances

AmazonAMZN’s cloud division, Amazon Web Services (“AWS”), has made its new specially designed Amazon Elastic Compute Cloud (Amazon EC2) instances – Hpc6a – generally available in an effort to bolster its compute offerings.

Notably, the new instances, backed by 3rd Generation AMD EPYC processors, are designed to run large-scale High Performance Computing (HPC) workloads in the cloud while delivering pricing performance up to 65% better.

Hpc6a instances are enabled with Elastic Fabric Adapter (EFA), which helps customers increase operational efficiency by providing low latency, low jitter, and up to 100 Gbps of EFA network bandwidth.

These instances provide a cost-effective way to scale HPC clusters on AWS to run their most compute-intensive workloads, including weather forecasting, molecular dynamics, computational chemistry, financial risk modeling, computational fluid dynamics. and computer aided engineering.

Amazon.com, Inc. pricing and consensus

Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote

Clientele to expand

We believe this latest initiative will help AWS gain traction among customers in the data-driven world, where demand for HPC is rapidly increasing.

Notably, customers like Maxar Technologies, DTN, and TotalCAE have already expressed interest in Amazon EC2 Hpc6a instances.

We believe growing customer dynamics will continue to drive AWS revenue. In addition, building customer base will continue to help its dominance and competitive advantage over its strong peers like Microsoft MSFT and Alphabetis GOOGL Google.

In addition to customer interests for the new service, AWS was chosen by Rivien RIVN as the preferred cloud provider.

With the goal of improving the efficiency and performance of electric vehicles and accelerating the transition of consumers and businesses to these vehicles, Rivian leverages the analytics, compute, container and machine learning capabilities of AWS.

Additionally, Aurora recently selected AWS as its preferred cloud provider for machine learning training and cloud-based simulation workloads.

Again, the Nasdaq signed a multi-year agreement with AWS to accelerate the development of advanced cloud infrastructure for global financial markets. It is preparing to move its North American markets to AWS.

Expansion of the portfolio

The latest move bodes well for AWS’s growing efforts to expand its portfolio of products and services.

In addition to Amazon EC2 Hpc6a instances, the company recently unveiled a visual development environment – AWS Amplify Studio – that enables web application user interface creation with minimal coding.

The company recently announced a managed wide area network (WAN) service, namely AWS Cloud WAN. The new service facilitates the seamless development, management, operation and monitoring of a global network using a central dashboard.

Additionally, the company introduced AWS Private 5G, enabling businesses to seamlessly deploy and scale their 5G mobile network.

AWS also announced a managed service called AWS IoT FleetWise, which can cost-effectively collect and transfer data from millions of vehicles to the cloud in real time.

He announced AWS IoT TwinMaker, which enables the rapid creation of digital twins of devices, equipment and processes.

The company unveiled three Amazon Elastic Compute Cloud (Amazon EC2) instances, namely C7g, Trn1, and Im4gn / Is4gen / I4i.

Additionally, AWS has made Amazon EC2 DL1 instances generally available. DL1 instances, supported by Gaudi accelerators from Habana Labs, help in training ML models.

To conclude

We believe that all efforts, along with the expansion of data center and cloud region, will continue to help Amazon gain customer base in the booming cloud market.

However, Amazon, which currently holds a Zacks Rank # 5 (Strong Sell), is currently facing stiff competition from Microsoft and Alphabet.

You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

Notably, Microsoft Azure has become the main engine of growth for Microsoft. The company is currently focusing on robust adoption of Azure cloud offerings. Notably, Azure’s growing number of availability zones and regions around the world, along with the strength of its consumption-based business, are expected to continue to drive Microsoft’s cloud momentum in the near term.

Likewise, Google Cloud contributes to substantial growth in Alphabet’s total revenue. The expansion of data centers, availability zones and cloud regions should continue to strengthen Alphabet’s cloud position.

Zacks’ top picks for leveraging artificial intelligence

This world-changing technology is expected to generate 100 billion dollars by 2025. From self-driving cars to analyzing consumer data, people are relying on machines more than ever. Now is the time to capitalize on the 4th industrial revolution. Zacks’ Urgent Special Report Reveals 6 AI Picks Investors Need To Know Today.

See 6 artificial intelligence stocks with extreme upside potential >>

Click to get this free report

Amazon.com, Inc. (AMZN): Free Stock Analysis Report

Microsoft Corporation (MSFT): Free Stock Analysis Report

Alphabet Inc. (GOOGL): Free Stock Analysis Report

Rivian Automotive, Inc. (RIVN): Free Inventory Analysis Report

To read this article on Zacks.com, click here.

Zacks investment research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Comments are closed.