Nvidia expects artificial intelligence spending to increase at an impressive rate over the next few years.Nvidia (NVDA -2.78%) CEO and co-founder Jensen Huang made some jaw-dropping claims during the company's Q2 earnings call. Chief among them was the projection that a $3 trillion to $4 trillion artificial intelligence (AI) infrastructure opportunity will emerge by 2030. Considering the top four AI hyperscalers are spending about $600 billion annually, according to Huang, that's a massive increase for the ...

Core Insights - Amazon is competing directly with Walmart during the July sales period, specifically through its Prime Day event scheduled from July 8th to July 11th, which is twice as long as Walmart's promotional efforts [1] Company Competition - Amazon's Prime Day is a significant event aimed at attracting consumers, indicating a strategic push to enhance market share against Walmart [1] Market Context - The competition between Amazon and Walmart highlights the ongoing battle for consumer preference in the retail sector, particularly during key sales periods [1]