Nvidia (NASDAQ: NVDA) has been a cornerstone of the artificial intelligence (AI) trade for several years. Its share price has increased 850% since January 2023, a period that roughly coincides with the launch of ChatGPT.

The shift from AI training to inferencing, especially for reasoning models, is an opportunity to drive greater GPU demand, the company recently said. Bears have worried about this transition.

Amazon (NASDAQ: AMZN) continues investing tens of billions of dollars in expanding its artificial intelligence (AI) capabilities, and that's great news for Nvidia (NASDAQ: NVDA) stock investors. Where to invest $1,