These Must-See Quotes From Amazon CEO Andy Jassy Are Great News For Nvidia

After a couple strong years of gains, artificial intelligence tech stocks have seen volatility over the past summer and into third quarter earnings season.After strong gains in 2023 and into the first half of 2024, concerns arose this past summer over two issues. One, cloud computing giants began greatly increasing their capital expenditures on data centers. That led investors to ask one, would there be a payoff for all that spending? That first concern led to a second concern; if these investments didn't pay off soon, did that make AI a hype-driven bubble set to burst?Fortunately, the largest cloud platform in the world, Amazon (NASDAQ: AMZN) just reported strong earnings last Thursday, the details of which should greatly reassure AI investors everywhere, especially those concerned about the near-term outlook for AI chip leader Nvidia (NASDAQ: NVDA).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool