Amazon is making strong moves in AI compared to Nvidia, potentially a positive development for Amazon.

From Nasdaq: 2024-06-01 18:15:00

Much of the discussion on AI revolves around big tech investments in the “Magnificent Seven” stocks like Nvidia and Amazon. Nvidia leads in AI chips with an 80% market share, but Amazon is making moves with new chips and investments in AI startups like Hugging Face and Anthropic. Amazon stock is priced high, but its earnings growth suggests it’s a compelling long-term investment in AI. The Motley Fool Stock Advisor team has identified 10 top stocks, with Amazon not making the cut, but Amazon could still be a strong choice for AI investors.



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