Why no NVIDIA AI investment? Amazon’s nuclear move for AI power

Technology: As the demand for artificial intelligence is driving massive investments, tech giants are looking beyond traditional energy sources to support new-age data centers. Notably, Amazon is making significant progress by investing in nuclear energy, partnering with X-energy and Dominion Energy to support projects to build small modular reactors that aim to meet the power needs of its data centers while achieving ambitious carbon neutrality goals.

This strategic move is expected to facilitate Amazon Web Services’ (AWS) journey towards net-zero emissions by 2040 and handle the growing energy demands driven by AI-powered applications and cloud computing. Such initiatives mark a new direction in sustainable data center innovations crucial for the future of the tech industry.

Meanwhile, Apple is quietly revolutionizing user experiences with AI, integrating sophisticated language models like ChatGPT to enhance on-device functionalities, including text generation and complex question-answering features, within its upcoming iOS 18.1. This deliberate integration underscores Apple’s commitment to refining user experiences while strengthening privacy through on-device AI processing, potentially energizing the smartphone market with motivated upgrades.

In the investment space, NVIDIA holds a prominent position among AI leaders. However, savvy investors may uncover attractive prospects in lesser-known AI stocks that are poised for rapid returns, especially those operating at significantly lower valuations than NVIDIA. Examining trending stocks with hedge fund traction may reveal hidden gems that offer attractive market outperformance prospects.