2024-01-25 05:10:00 ET
A few years ago, it seemed unlikely that Nvidia (NASDAQ: NVDA) could become as valuable as Amazon (NASDAQ: AMZN) . At the beginning of 2020, Nvidia had an enterprise value of $136 billion while Amazon was worth $889 billion.
But today, Nvidia is worth $1.46 trillion and Amazon is worth $1.60 trillion. Both of those tech giants kept growing over the past four years, but Nvidia closed in on Amazon as the rapid expansion of the artificial intelligence ( AI ) market lit a raging fire under its data center business.
Could this red-hot chipmaker actually overtake the e-commerce and cloud leader by 2025?
For further details see:
Will Nvidia Be Worth More Than Amazon by 2025?