Artificial intelligence technology is certainly among the most disruptive trends in the market for investors to consider. Most companies have touted their AI integrations and product developments on earnings calls,

At 40.2 times forward earnings, Amazon is by no means a cheap stock. This is likely the result of investors being excited about cloud computing and the effect AI will have on it. It also is a recognition that Amazon's commerce businesses could become far more profitable as it focuses on becoming more efficient.

Chipsets known as graphics processing units (GPUs) are an integral component in the development of artificial intelligence (AI) applications. At the moment, Nvidia (NVDA 0.43%) holds an estimated 88% of the AI GPU market thanks to its industry-leading A100 and H100 GPUs.