From Nasdaq: 2024-06-10 04:35:00

In 2023 and 2024, Alphabet, Amazon, and Microsoft saw double-digit stock gains. Nvidia shone, skyrocketing nearly 240% in 2023 and over 140% in 2024. Nvidia’s cutting-edge technology is driving cloud migration, boosting revenue for big players like Alphabet, Amazon, and Microsoft, and promising mutual growth for all.

Cloud services are key growth drivers for Alphabet, Amazon, and Microsoft. Nvidia’s GPUs are helping them attract more customers and enhance their AI capabilities. Nvidia’s AI technology offers exceptional returns on investment for cloud providers, paving the way for increasing sales and earnings growth for tech giants like Alphabet and Amazon.

Nvidia’s upcoming Blackwell GPU promises faster AI training and inference, making it an attractive investment for Alphabet, Amazon, and Microsoft. While these companies have developed their own AI chips, Nvidia’s accelerated computing architecture and AI technology present a symbiotic relationship with their big cloud customers, leading to mutual growth and success.

Considering investing in Nvidia? While it’s not among the 10 best stocks right now according to The Motley Fool, Nvidia’s innovation and partnership with tech giants like Alphabet, Amazon, and Microsoft show promise for future growth. The Stock Advisor service provides valuable insights for investors, helping navigate the complex world of tech investments effectively.



Read more at Nasdaq: How Nvidia Could Help Alphabet, Amazon, and Microsoft Stocks Soar Even More