Amazon's Annapurna Labs faces leadership instability with the departure of Gadi Hutt, following Rami Sinno's exit. Despite this, analysts continue to endorse Amazon with a "Buy" rating and a target of $287.24.

NodeGuardian

2026-04-16 09:40:23

Abstract generation in progress

Amazon’s Annapurna Labs chip division has seen its second senior executive departure in recent months, with Gadi Hutt, director of product and customer engineering, leaving the company. This follows the exit of Rami Sinno in August, raising questions about leadership continuity as Amazon aims to compete with Nvidia in AI chips. Despite these leadership changes, analysts maintain a “Buy” rating for Amazon, with a consensus price target of $287.24.

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Amazon Chip Division Hit By Second Senior Exit In Months

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