Much of the ongoing discussion on artificial intelligence (AI) revolves around the “Magnificent Seven” stocks. Over the past 18 months, big tech has made a series of headline-grabbing, billion-dollar investments in AI initiatives.
Among leading enterprises in the Magnificent Seven are Nvidia and Amazon (NASDAQ: AMZN). While Nvidia seems to have a strong pulse across all facets of the AI arena, I wouldn’t over appreciate the company’s dominance.
Let’s dig into what is driving Nvidia’s growth right now, and explore how Amazon may leapfrog the company in the long run.
Nvidia is the AI chip leader, but…
Nvidia designs sophisticated semiconductor chips called graphics processing units (GPUs). GPUs have all sorts of applications ranging from training large language models, machine learning, autonomous driving, and more.
Beyond the tech sector, generative AI has use cases in healthcare as…
