Amazon’s Commitment to AI Spending Eases Fears, Pockets of Nvidia and Others Likely to Thrive
Amazon’s fourth-quarter earnings call has brought relief to investors worried about chip stocks in light of fears over reduced spending on artificial intelligence (AI). The tech giant has joined a growing list of big tech companies committing massive capital expenditures. This development is expected to benefit chip companies like Nvidia, which will likely see continued success due to their role in supplying AI-chip technology. With Amazon’s involvement, investors can breathe a sigh of relief, and the outlook for these stocks appears more favorable.
Source: https://www.marketwatch.com/story/heres-the-280-billion-reason-that-ai-chip-stocks-will-be-just-fine-af2ed817