Amazon 1999 vs. Nvidia 2024: Who wore it better?

Chronicling the meteoric rises of Nvidia and Amazon, Sylvia Jablonski, CEO of Defiance ETFs, delves into the factors that propelled these tech titans to unprecedented heights, captivating investors and shaping the future of their respective industries. Jablonski tackles the timely question: who wore the hype train better?

She spoke with Yahoo Finance’s Jared Blikre and Sydnee Fried on "Stocks in Translation." Listen to the full episode here, or wherever you get your podcasts.

This post was written by Jimi Corpuz

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We're gonna ask you to compare NVIDIA the undisputed poster child of A I to Amazon 2.5 decades ago at the height of the.com bubble.

So 1999 a young Jeff Bezos had captured magazine covers and imaginations by selling books.

Remember it was just book books back then, but Amazon was such a hit that the stock was up 7000% in its first year and a half Bezos split the stock three times before the prior millennium wrapped.

And I think we all know the NVIDIA story.

So I'll just ask you, is it NVIDIA or Amazon?

That was, that is riding the hype train better?

Oh man, I mean it's such a, I think it's actually a really hard question.

You know, one guy flies to space.

We were talking about this off camera.

The other one is now signing autographs on T shirts and things like that.

And he's the man, you know, kind of the man of the market of the year in terms of the companies, I think, you know, in terms of like, if you know, if I think about what Amazon started as it was a bookstore Right.

And now look right now it's like a, a health care company.

They do a, I, they do quantum computing, they do ecommerce, they do videos, they do all of these things.

And so I think just diversification off of a really basic idea is better but the true A I leader might be selling pencils now, I mean, metaphorically it's, you know, kind of taking that to 100%.

Right.

But I'm not, you know, I think it's, I think it's a close race and now, you know, I mean, the whole world wants to be invested in NVIDIA.

The whole world knows who, you know, Jensen Wong is, I don't think anyone who knew who he was a couple of years ago, even though NVIDIA did so well, everyone knows who Jeff Bezos is.

I don't know, we'll have to see who remains a little.

Is this just a matter of time though?

Like, you know, back then when it was up, seven, when Amazon was up 7000% you would say Amazon really like today, maybe I'll just say NVIDIA because it's the thing of the time.

Look, I think it's the thing of, I think it's def so for the next 5 to 10 years without a doubt, NVIDIA wins.

I, I just think that, you know, we're not even getting started with a, I, we haven't heard yet how it's impacting healthcare, aerospace and defense, military, you know, just, just every single sector out there.