Amazon, Nvidia, Palantir Emerging as AI Cloud Leaders While Stocks Still Offer Growth Potential
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Amazon's AWS cloud business is making AI a top priority and serving all layers of AI to customers. AWS is already highly profitable for Amazon.
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Nvidia's GPUs dominate the AI chip market with over 80% market share. The company's earnings have soared over 1000% thanks to booming demand.
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Palantir launched an AI platform last year that is significantly contributing to its revenue growth, especially in the commercial sector.
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AI represents tens of billions in future revenue potential for Amazon and its massively profitable AWS business.
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Nvidia and Palantir stocks still represent great long-term buys despite huge 1-year returns, owing to their leadership in AI.