Apple showing significant stock gains, but Nvidia and Amazon offer more growth potential in AI and tech dominance.

From Nasdaq: 2024-07-13 06:45:00

Apple (NASDAQ: AAPL) has shown significant stock gains, up 346% in the last five years, outperforming peers and the S&P 500. Despite late entry into AI, potential long-term turnaround with brand loyalty. Watch-list contenders include Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN), offering more growth potential in AI and tech dominance.

Nvidia has become a tech industry rock star with its leading AI chip market share. Dominance attributed to CUDA software platform and AI GPUs, capturing 90% of the market. Financial growth surpasses AMD, hitting $39 billion in free cash flow, suggesting continued investment and market leadership in AI technology.

Amazon maintains e-commerce dominance, posting strong Q1 earnings beating estimates. Revenue growth and operating income from retail segments while AWS continues to soar, doubling operating income. Company’s diversification into cloud computing and digital advertising further solidify its growth potential, making it a top stock to consider now.



Read more at Nasdaq: Forget Apple: Consider These 2 Millionaire-Maker Stocks Instead