Could This "Magnificent Seven" Stock End Up Being Nvidia's Biggest Rival?
Amazon is reportedly considering selling its Trainium chip to external companies.
Overview
Nvidia (NASDAQ: NVDA) has been the most valuable company in the world due to the strength of its chip business. As tech companies invest in artificial intelligence (AI) and develop next-gen models, the need for Nvidia's leading chips continues to grow.
They aren't, however, very economical for companies, which is why some businesses have gone to custom chipmakers. Some tech companies are also making their own chips and may end up competing for similar markets and customers as Nvidia. One "Magnificent Seven" stock that the chipmaker might have to watch out for is Amazon (NASDAQ: AMZN). Here's why it may ultimately end up being its biggest rival.
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Originally published at www.fool.com.