AI 2.0: NVDA Leads, MSFT Monetizes, AMZN Pushes Back

The GTC hype has officially met the opening bell.

While the flashy keynotes are over, the real heavy lifting for your portfolio starts now.

We’re seeing a massive structural shift in how Wall Street values AI: the "Gold Rush" phase of just buying chips is evolving into a "Productivity" phase.

Here’s the breakdown of the heavyweights moving the needle today.

1. $NVIDIA(NVDA)$ : It’s All About the Margins Now

The narrative is moving from "How many chips can you ship?" to "How much profit is in the inference?"

• The Big Pivot: With the Vera Rubin architecture slashing inference costs by 40%, NVIDIA isn't just selling hardware; they are expanding the Total Addressable Market (TAM). Lower costs mean AI becomes viable for everyone, not just the tech giants.

• The Line in the Sand: Technical analysts are laser-focused on $118. This is the estimated institutional cost basis. If we hold this level, the bull run stays structural. If it cracks, expect the "algo bots" to hit the sell button hard.

• The Wildcard: The new partnership with $Cisco(CSCO)$ targets the SME (Small/Medium Enterprise) market with ready-to-use AI servers. This is NVIDIA moving downstream to capture the "rest of the world."

2. $Microsoft(MSFT)$ : Copilot is Printing Cash

If you were looking for the "killer app" of AI, you found it.

• The Numbers: Copilot for Microsoft 365 just blew past 10 million enterprise users, driving an Annual Recurring Revenue (ARR) north of $6 billion.

• The War Zone: This isn't just a fun add-on; it’s a direct shot at $Salesforce.com(CRM)$ . The battle for the "AI-driven workplace" is reaching a fever pitch, and Microsoft’s integration is giving them a massive head start.

3. $Amazon.com(AMZN)$ : The Internal Threat

AWS is tired of paying the "Nvidia Tax."

• Silicon Independence: Amazon’s in-house Trainium2 chip is here, claiming better price-performance than the H100. When your first customers are $Apple(AAPL)$ and Anthropic, the market sits up and listens.

• Long-Term View: While NVIDIA is still supply-constrained (meaning they sell everything they make), the trend of Cloud Giants building their own silicon is the biggest long-term threat to NVDA’s dominance.

4. $Alphabet(GOOGL)$ ：The Data

• Gemini for Workspace has penetrated 500,000+ paying businesses. The catch? Their ARPU (Average Revenue Per User) still lags behind Microsoft.

• They have the reach, but they need to prove they can command premium pricing.

5. $Meta Platforms, Inc.(META)$ : Hardware Play

• The Ray-Ban Meta glasses are the first "hit" AI hardware, moving 100k units a week. Zuck is proving that AI doesn't just live in a browser; it’s becoming something you wear.

Investor Edge: AI 2.0 Has Arrived

We are officially moving from the "Chip Monopoly" (the NVDA solo) to the "Data & App Symphony" (MSFT, GOOGL, META).

The Strategy: Valuation logic is shifting from P/S (Price-to-Sales) to P/E (Price-to-Earnings). Wall Street is stop asking "Who has the tech?" and starting to ask "Who has the profit?"

Tiger Community Rewards!

Let’s see who can read the tape today:

1. The Crystal Ball: Predict NVDA’s closing direction today (Up 🟢 or Down 🔴).

   • Vote to get 20 Tiger Coins. Get it right and snag 100 Tiger Coins!

2. The Real Winner: In the battle of AI applications, which company do you think has the most sustainable "money-making" strategy?

   • Share your reasoning for a chance at 40 Tiger Coins.

Which of these five giants are you betting on for the rest of 2026? Let’s discuss in the comments!

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

• 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉

• How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.