This is a Nvidia news story, published by Yahoo Finance, that relates primarily to Amazon news.
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other AI stocksThe Motley Fool
•79% Informative
Some hedge fund managers trimmed their positions in Nvidia during the first quarter .
But Amazon and Salesforce warrant further consideration.
Amazon is using artificial intelligence ( AI ) to create monetization opportunities and boost efficiency across its different businesses.
Amazon Web Services (AWS) leads the market in cloud infrastructure and platform services revenue.
Wall Street analysts expect Salesforce to grow earnings per share at 21% annually over the next three to five years .
That makes its current valuation of 64.8 times earnings looks quite pricey.
Of course, Salesforce may grow earnings more quickly than analysts expect, but I would wait for a cheaper valuation multiple before buying this stock.
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