Nvidia and Amazon Poised to Ride AI Wave to Massive Growth
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Nvidia sells hardware like AI chips and GPUs to power advanced generative AI applications, giving it a large market opportunity as AI grows.
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Nvidia's revenue and profits have surged exponentially recently thanks to high demand for its data center chips.
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Amazon is incorporating AI services into its AWS cloud platform, which could add growth as clients adopt solutions like Bedrock.
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Both Nvidia and Amazon have evolved over time into new high-growth markets like AI, presenting long-term investment opportunities.
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Experts predict the AI chip market alone could be worth $400 billion by 2027, so there is room for many players to benefit.