Broadcom's custom AI chips are growing in popularity as an alternative to Nvidia's. Now, Amazon has created its own custom AI chip, Trainium3, to carve out its own niche.

Amazon is sparing no expense when investing in AI-related infrastructure, especially when AWS demand is strong. Digital advertising should continue to be a major growth driver next year.

Amazon has a path to a $3 trillion market cap by accelerating growth at AWS. Meta Platforms is the cheapest megacap tech stock, and it could see a huge lift from continued growth and more disciplined spending.

Apple and Tesla have some questions to address. Meta Platforms and Alphabet should maintain momentum.

Elon Musk emphasizes costly financial challenges of making life multiplanetary for the survival of consciousness.

Meta Platforms is using artificial intelligence to improve user engagement and advertising outcomes across its social media networks. Microsoft has added generative artificial intelligence features (Copilots) to many of its software products, and its data center footprint is expanding rapidly.

Artificial intelligence was responsible for almost 55,000 layoffs in the U.S. in 2025, per consulting firm Challenger, Gray & Christmas. Major firms including Amazon and Salesforce cut thousands of roles and cited AI as a factor.

Apple's artificial intelligence (AI) innovations have been lackluster, but its ecosystem is as powerful as ever. Amazon is driving tremendous growth in its AWS cloud division thanks to strong AI demand.

Amazon's cloud computing division is accelerating its growth, while e-commerce keeps rising steadily. The stock looks cheap if you believe in the company's margin improvement.

Charlie Munger: Berkshire Hathaway's biggest edge is lack of bureaucracy at headquarters, letting it move faster than rivals. Munger sees bureaucracy as a cancer and a waste in successful institutions. Amazon's CEO shares the view and vows to slash layers.