AWS is all-in on AI, and they're playing the long game.
It's only been a year since OpenAI released ChatGPT, but it's impact on the world of tech will reverberate for years.
Here's why investors stand to benefit from buying and holding high-quality AI-powered stocks like Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN) for the next decade. An uncontested leader in the AI space, Nvidia came out with blowout results in the third quarter of fiscal 2024 (ending Oct. 29, 2023), with revenue and earnings handily surpassing consensus estimates. The company's fourth-quarter guidance is also significantly above analysts' consensus estimates.