Nvidia's Market Cap Has Surpassed Amazon's Thanks to Artificial Intelligence (AI). There Could Be More to Come.
It finally happened. After an epic run that began last year, semiconductor specialist Nvidia (NASDAQ: NVDA) charged past Amazon (NASDAQ: AMZN) on the leader board Tuesday, with a market cap of $1.78 trillion, ahead of Amazon's $1.75 trillion.
This isn't the first time Nvidia has been worth more than Amazon. Nvidia pioneered the graphics processing units (GPUs) that revolutionized the gaming industry. It first overtook Amazon's market cap in early 2001, and the pair traded places on the list several times in the year that followed. However, by early 2002, Amazon had posted its first profit and offered free shipping on orders more than $99, driving the stock higher, and investors never looked back.
The tech landscape is very different now, as are the opportunities for both companies. Let's take a look at the road ahead and why one stock could be the clear winner from here.
Source Fool.com
