It may have bided its time in announcing it was using Nvidia to unlock new AI capabilities, but AWS finally revealed as much during the top chip designer's annual springtime technology conference in late March 2023. And yet, emerging AI applications such as ChatGPT, Bard, and others will need a ton of computing power, and that means lots of DRAM and NAND flash memory demand. The latest earnings report showed a somewhat slower year-over-year revenue increase of 27%, but that's still a robust double-digit-percentage jump in the middle of an inflation-powered economic crisis on a global scale.