After the release of ChatGPT and a peak in enthusiasm for AI stocks, Nvidia saw an 830% share price increase, primarily driven by its AI hardware and software.
Despite interest in Nvidia, its stock price has fluctuated between $99 and $135 post-split, raising questions about whether it has plateaued or will resume its upward trend.
Amazon, although having a market cap of over a trillion dollars less than Nvidia, is currently investing in AI innovations through its Amazon Web Services division.
There are concerns that amid the declining excitement for AI, investors may be searching for the next significant growth stock beyond Nvidia.
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