Strong growth potential in AI market for Nvidia and Amazon, but Amazon trading at more attractive valuation.
From Nasdaq, Inc.: 2024-06-19 04:45:00
The artificial intelligence (AI) market has seen explosive growth, with the launch of OpenAI’s ChatGPT sparking a surge in stock prices for companies like Nvidia and Amazon. Both giants are leaders in AI tech, with Nvidia boasting a 10-for-1 stock split. Meanwhile, Amazon’s AWS segment is driving impressive growth and has invested in expanding its reach and chip design. Both companies have strong growth potential in AI, making them attractive investment options for the future. When comparing the two, Amazon appears to be trading at a more attractive valuation compared to Nvidia, making it a compelling choice for investors looking to capitalize on the AI boom.
Read more at Nasdaq, Inc.: Better Artificial Intelligence Stock: Nvidia vs. Amazon