Posted 3/16/2024, 7:22:00 AM
Nasdaq Sets Record High; AI and Chips Power Tech Growth for Amazon and Nvidia
- The Nasdaq hit a record high and may continue climbing in 2024 based on historical trends after annual declines
- AI is a high-growth, high-potential technology that could be game-changing and save money/time
- Amazon uses AI to streamline operations and improve customer experience in e-commerce
- Amazon Web Services sells AI solutions to customers like chips and services to train AI models
- Nvidia holds 80% of the AI chip market and is investing in R&D to stay ahead with new chips coming