Shares of NVIDIA (NASDAQ:NVDA) have surged more than 21% over the past month, including a 15.60% gain over the past five trading sessions, trimming the stock’s year-to-date loss to just 1.88%. This rebound has sparked mixed reactions,

Some analysts believe that AWS alone could eventually be worth $3 trillion -- which is roughly Nvidia's current market cap. Add in the value of its other businesses, and the case for Amazon outpacing the chipmaker becomes obvious.

The AI chips that the giant cloud-infrastructure companies "have been working on for years" are now entering the market, Weiss reported.