The COVID-19 pandemic led to a boom in cloud computing as hybrid workstyles meant more companies had to take their businesses online. Meanwhile, recent advances in artificial intelligence (AI) have the potential to significantly enhance cloud services. Advanced Micro Devices (NASDAQ: AMD) and Amazon (NASDAQ: AMZN) each have solid positions in cloud computing and AI, making their stocks great options in which to invest in these burgeoning markets.
The chip designer's 2023 outlook is heating up, but with a speed bump in the road ahead. Here's what you need to know.
Nvidia CEO Jensen Huang told Yahoo Finance that the company is seeing an increase in demand around generative AI.