Amazon will benefit big time from data center spending.

All everyone wants to talk about is Nvidia . The computer chip company is now the largest stock in the world by market capitalization , quickly joining the $3 trillion club along with Apple , Microsoft , and Alphabet . Investors are betting with their wallets that the rising demand for artificial intelligence ( AI ) computing power will drive huge earnings growth for the likes of Nvidia.

They are forgetting one company that will be an underrated beneficiary of AI growth: Amazon ( AMZN -3.07% ) . The company has a cloud and computer chip deal with start-up Anthropic, as well as numerous ways to benefit from AI in its media business.

At a market cap of $2.5 trillion today, I think it is an easy hurdle for Amazon t

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