Last week, tech giants like Meta, Microsoft, Amazon, and Apple reported strong earnings, highlighting the importance of artificial intelligence (AI) in their growth. Nvidia, a key player in AI development, is expected to beat guidance in its upcoming report, with sales projected to increase by 50% over last year.

Amazon continues to see triple-digit growth in its AI business through Amazon Web Services (AWS), investing heavily in new features and tools for developers. Microsoft’s Azure cloud business is gaining market share, with 400 data centers and a two-gigawatt power launch in the past year. Meta is making strides in AI development, with Nvidia as a key partner.

While Apple’s AI progress may be slow, it reported strong earnings overall, beating expectations. Nvidia remains a common partner for these tech giants, providing the necessary power for AI development. With Nvidia’s upcoming earnings report expected to outperform, investors are optimistic about the company’s future in the AI industry.

Read more at Yahoo Finance: Microsoft, Apple, Amazon, and Meta Just Gave Nvidia Investors Great News