Microsoft, Apple, Amazon, and Meta Just Gave Nvidia Investors Great News

Last week was a busy one for tech followers. Meta Platforms (NASDAQ: META), (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), and (NASDAQ: AAPL) all reported second-quarter earnings, and while they were mostly positive in different ways, artificial intelligence (AI) continued to be a strong trend. That's great news for Nvidia (NASDAQ: NVDA) investors. Let's see what's happening and why investors should get excited about what Nvidia will have to say when it reports quarterly earnings later this month.

AI has become an enormous growth driver for tech companies, and really all kinds of companies. It unlocks productivity and aids in creativity in ways that make it essential if a company doesn't want to be left behind. 

Amazon said that its AI business through the Amazon Web Services (AWS) cloud division continues to grow at triple digits year over year, "with more demand than we have supplied for at the moment." It's launching all sorts of new features as demand grows and changes, and releasing powerful new tools aimed at developers creating large language models and in need of the highest-power AI chips. It also boasted that it rolled out new EC2 instances, a type of virtual server on the AWS cloud supported by new Nvidia Blackwell "super chips," the most powerful graphics processing units (GPUs) on AWS.

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Source Fool.com