Amazon could surpass the combined market value of Palantir and Nvidia within five years as AI innovations drive profitability.

Nvidia and Palantir Technologies are two of the most popular artificial intelligence stocks. Their collective market value is currently $4.7 trillion. I think Amazon ( AMZN -0.84% ) can surpass that figure by 2030. Here's what my prediction means for shareholders:

Amazon is currently worth $2.3 trillion. Its market value must increase 109% to reach $4.8 trillion, and reaching that figure by 2030 implies shareholders would see annual returns of roughly 16% over the next five years. Here's why that seems like a distinct possibility.

Amazon is a major player in three growing industries

Amazon reported encouraging financial results in the second quarter.

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