Prediction: This Artificial Intelligence (AI) Stock Will Be Worth More Than Nvidia in 2030
Nvidia has emerged as one of the most valuable companies in the world thanks to the AI movement, but the company's long-term growth looks questionable.
Megacap technology stocks have been some of the biggest and longest-standing beneficiaries of the artificial intelligence (AI) revolution. While growth stocks in the tech sector have experienced at least some form of action since AI emerged as a megatrend, these gains have been fleeting for most companies -- leading to prolonged periods of outsize volatility.
But for big tech, the gains have been quite steady over the last couple of years. The company that has enjoyed the most upside so far is semiconductor powerhouse Nvidia, which has seen its market value rise by trillions -- making it one of the most valuable companies in the world.
While owning Nvidia stock has helped some investors realize unprecedented gains and wealth, I see a different member of the "Magnificent Seven" as the better long-term opportunity. Let's explore the dynamics between Nvidia and Amazon (NASDAQ: AMZN) and assess why the e-commerce and cloud computing darling could be the more valuable company by next decade.
