From Nasdaq: 2024-05-15 06:05:00

Nvidia has reached a $2.26 trillion market value, dominating the AI chip market with its GPUs. Other AI stocks like Amazon and Meta Platforms could soon join Nvidia in the $2 trillion club. Analysts expect Nvidia’s annual growth to slow to around 35%, but Amazon and Meta could surpass Nvidia’s market value with their strong moats and focus on AI.

Amazon, with a $1.94 trillion market value, is a leader in e-commerce and cloud computing. The company has bounced back from an annual loss in 2022 and is now better positioned for growth. Amazon’s AWS business, a top cloud provider, will benefit from AI projects and could propel the company to surpass Nvidia’s market value as demand for AI increases.

Meta Platforms, worth $1.18 trillion, owns popular apps like Facebook, Messenger, Instagram, and WhatsApp. The company is heavily investing in AI to enhance user experience and boost revenue from advertisers. As Meta’s AI investments start to pay off, the company could replicate its past performance and potentially surpass Nvidia’s market value in the future.



Read more at Nasdaq: Prediction: 2 Artificial Intelligence (AI) Stocks That Could Be Worth More Than Nvidia 5 Years From Now