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Could Amazon Be the Next Nvidia?

Amazon is positioning itself to become a dominant force in artificial intelligence.

By Parkev Tatevosian, CFA – Apr 13, 2024 at 7:46AM EST

Fool.com contributor Parkev Tatevosian discusses how Amazon (AMZN +0.38%) could achieve a similar scale of success in artificial intelligence as Nvidia (NVDA +1.13%) has reached.

*Stock prices used were the afternoon prices of April 10, 2024. The video was published on April 12, 2024.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Nvidia. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Amazon Stock Quote
Amazon
NASDAQ: AMZN
$214.29
(+0.38%)+$0.80
Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$184.72
(+1.13%)+$2.07

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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