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AI is in the 'building stage,' will be 'life-changing': Strategist [Yahoo! Finance Canada]
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Nvidia ( NVDA ) maintains its leadership position by exceeding third quarter estimates earlier this week while Amazon ( AMZN ) deepened its AI commitment with an additional $4 billion investment in Anthropic, designating the startup as Amazon Web Services' primary service provider. "We really are at the building stage of AI," Epistrophy Capital Research chief market strategist Cory Johnson tells Morning Brief, calling it "a real life-changing thing." Johnson notes that the Amazon-Anthropic partnership is "interesting... from a semiconductor perspective." He explains that with Anthropic agreeing to help develop Amazon's "Trainium" chips, Amazon has effectively "bought themselves a customer" for when the chips are completed. However, Johnson raises concerns about Nvidia's market position: "I'm really curious about what the partners of Nvidia are going to say to Nvidia three years from now. 'Hey, remember when you took your gross margins from 46% to 79%, and you made us pay all th
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- Joe Rogan explains why liberal media 'hemorrhaging' audiences: 'You're not accurate, you're delusional' [FOX News][FOX News]
- Amazon escalates AI arms race with additional $4B investment in OpenAI rival Anthropic [Yahoo! Finance][Yahoo! Finance]
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- Amazon and Anthropic, gas prices, 2025 outlook: Market Domination [Yahoo! Finance Canada][Yahoo! Finance Canada]
- AI is in the 'building stage,' will be 'life-changing': Strategist [Yahoo! Finance][Yahoo! Finance]
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