Nvidia threatens Amazon's position as fourth-quarter results near

The valuation gap is closing between two of America’s largest Big Tech megacaps. Following the annus mirabilis that was Nvidia Corp’s 2023, the fabless semiconductor designer is in touching distance of Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ)’s status as the US’s fourth largest company by market capitalisation. And with Nvidia’s quarterly results due in the coming weeks, that gap could very well be closed. Nvidia has set a fourth-quarter revenue target of around $20 billion on a 74.5% gross margin. Achieving t ...