Nvidia and Amazon Shine Through Stock Market Volatility with AI Dominance and Cost Cutting
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The stock market has been volatile in recent years due to events like the COVID-19 pandemic and economic downturn. However, long-term investors can still profit.
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Nvidia has dominated the exploding AI chip market and seen tremendous growth. Its stock price has surged 294% in the past year.
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Nvidia's price-to-earnings and price-to-free-cash-flow ratios show the stock may be at a good value for investors right now.
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Amazon has made an impressive recovery after a 50% stock drop in 2022. Revenue and profits have rebounded thanks to cost cutting.
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Analysts estimate Amazon's earnings could rise significantly by 2026, potentially driving 66% stock growth over the next 2 years.