Spending on artificial intelligence is projected to hit $4.8 trillion by 2033. Nvidia’s GPUs are crucial for AI model training and deployment. Amazon leads in cloud infrastructure, a key for AI development. The AI market is expected to grow from $189 billion in 2023 to nearly $5 trillion by 2033. Nvidia remains a top AI investment with strong growth potential. Nvidia is the leading GPU maker with a 90% market share in AI GPUs, poised for substantial growth. Amazon is a powerhouse in AI through its Amazon Web Services division, positioned for long-term AI investment. AWS holds a 30% global market share in cloud infrastructure, a key asset for AI development. Companies are increasing spending on AI, fueling a 20-30% annual growth rate. Amazon’s AWS division is primed to benefit from the AI spending boom with potential for accelerated growth. Consider investing in Nvidia for strong returns, as recommended by the Motley Fool Stock Advisor team. The top 10 stocks identified by the team could yield significant returns, with Nvidia being a past recommendation. Join Stock Advisor for access to the latest top stock picks and potential market-crushing returns.
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