Nvidia Stock Rides the AI Wave as Amazon, Microsoft, Google, and Meta Break the Bank

By Jose Najarro and Billy Duberstein – Aug 10, 2023 at 9:12AM

NASDAQ: AMZN

Amazon

Market Cap

$1,911B

Today's Change

(-0.09%) -$0.17

Current Price

$183.66

Price as of June 14, 2024, 4:00 p.m. ET

Alphabet, Amazon, Meta Platforms, and Microsoft will increase AI investments, which bodes well for Nvidia.

The video focuses on recent earnings commentary by Amazon (AMZN -0.09%), Alphabet (GOOGL 0.93%) (GOOG 0.92%), Microsoft (MSFT 0.22%), and Meta Platforms (META 0.11%) on future capital expenditure and the increased investment in AI chips made by Nvidia (NVDA 1.75%). Check out the short video to learn what semiconductor investors Jose Najarro and Billy Duberstein had to say. Also, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of Aug. 8, 2023. The video was published on Aug. 10, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Billy Duberstein has positions in Alphabet, Amazon.com, Meta Platforms, and Microsoft. Jose Najarro has positions in Alphabet, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.