Billionaires Just Poured About $67 Billion Into These 5 Artificial Intelligence (AI) Stocks
What is Amazon's current share of the global cloud market?
Amazon Web Services (AWS) currently controls over 30% of the global cloud market5. It is the largest cloud computing operation in the world, offered by Amazon.
How has AI technology impacted Nvidia's revenue growth?
AI technology has significantly impacted Nvidia's revenue growth, driving a 262% increase in revenue in the latest quarter, primarily due to record demand for AI chips. Nvidia's data center revenue, which relates to its AI chips, was up 427% year on year, driven by strong demand for the company's current generation Hopper chips5.
How does Apple's AI strategy affect its older product lineup?
Apple's AI strategy, particularly the introduction of Apple Intelligence, necessitates more powerful hardware to run advanced AI features4. This means that older Apple products may not have the required capabilities, prompting users to upgrade to the latest, more expensive models. This approach aims to boost Apple's iPhone sales, which have been sagging.