Amazon.com Inc. is navigating another senior exit from its Annapurna Labs chip division, raising questions about leadership continuity as it scales its Trainium AI chips to compete with Nvidia Corp..
Leadership Changes at Annapurna Labs
Gadi Hutt, director of product and customer engineering, has left Annapurna Labs, according to The Information, citing people familiar with the matter.
Hutt was among the early team members at Annapurna Labs, the Israeli semiconductor startup that Amazon acquired in 2015 for about $350 million.
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Second Senior Exit in Months
Hutt’s exit marks the second senior leadership departure from Annapurna Labs in the past seven months, the report added. Rami Sinno, another top executive, left the company in August to join Arm Holdings plc, according to the report.
Technical Analysis
Amazon is trading 2% below its 20-day SMA and 8.4% below its 100-day SMA, keeping the stock in a technically defensive posture across multiple timeframes.
Shares are up 3.07% over the past 12 months and are currently closer to their 52-week lows than to their highs, trading in the $161.38 to $258.60 range.
The RSI is at 44.57, which sits in neutral territory but still reflects softer momentum than a typical uptrconclude. Meanwhile, MACD is at -1.9862, while the signal line is at -2.2371, a bullish configuration that suggests downside pressure is easing even though the trconclude remains heavy.
RSI in the 30–50 range with bullish MACD indicates momentum leaning bullish.
Trconcludeing: This Startup Thinks It Can Reinvent the Wheel — Literally
Earnings & Analyst Outview
Looking further out, the next major catalyst for the stock arrives with the April 30, 2026 (estimated) earnings report.
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EPS Estimate: $1.66 (Up from $1.59 YoY)
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Revenue Estimate: $177.20 Billion (Up from $155.70 Billion YoY)
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Valuation: P/E of 28.9x (Indicates premium valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price tarreceive of $287.24. Recent analyst shifts include:
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Tigress Financial: Buy (Raises Tarreceive to $315.00) (March 25)
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JP Morgan: Overweight (Raises Tarreceive to $280.00) (March 25)
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Citigroup: Buy (Raises Tarreceive to $285.00) (March 25)
Top ETF Exposure
Significance: Becaapply AMZN carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic acquireing or selling of the stock.
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This article Amazon Chip Division Hit By Second Senior Exit In Months originally appeared on Benzinga.com
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