Key Takeaways
- Citadel founder Ken Griffin elevated Nvidia and Amazon to his top two portfolio positions during Q4 2024, exiting his Tesla position entirely
- Nvidia offers comprehensive robotaxi development platforms including Omniverse simulation, Cosmos data generation, and Alpamayo reasoning models, with CFO projecting hundreds of billions in segment revenue over ten years
- Zoox, owned by Amazon, operates the sole purpose-built robotaxis currently serving passengers on U.S. public streets in Las Vegas and San Francisco, with commercial licensing application under NHTSA review
- Amazon shares have declined 14% year-to-date in 2026, yet analyst consensus maintains Strong Buy rating with $284.30 average target price
- Mistral AI placed an order for approximately 13,800 Nvidia GB300 GPUs valued near $575 million to power a Paris-based data center
During the final quarter of 2024, billionaire hedge fund manager Ken Griffin increased his exposure to both Nvidia and Amazon, elevating these technology giants to the top two positions within his portfolio. This strategic shift coincided with his complete exit from Tesla holdings.
These portfolio adjustments arrive as autonomous transportation captures heightened investor focus. Annual mileage for light-duty vehicles across the United States exceeds 3 trillion miles. This volume creates a trillion-dollar addressable market for robotaxi services, even accounting for competitive pricing dynamics.
Nvidia provides the essential hardware and software infrastructure powering many autonomous driving platforms. The company’s GPUs maintain industry leadership for artificial intelligence processing, delivering superior performance across training and inference benchmark tests compared to competitive solutions.
The chipmaker has assembled a comprehensive development suite for robotaxi applications. Omniverse enables realistic simulation of urban driving scenarios. Cosmos produces synthetic datasets for model training. Alpamayo comprises specialized reasoning models that enhance autonomous vehicle perception and navigation capabilities.
Nvidia CFO Colette Kress informed analysts that the robotaxi sector presents revenue potential reaching hundreds of billions of dollars throughout the coming decade. She noted that every significant automotive manufacturer and mobility service provider developing autonomous technology incorporates Nvidia solutions in their development stack.
Nvidia’s Growing Revenue Streams
Robotaxi applications represent just one dimension of Nvidia’s expanding AI infrastructure business. French artificial intelligence firm Mistral AI secured $830 million through debt financing to construct a data center facility outside Paris. The installation will house approximately 13,800 GB300 GPUs from Nvidia, translating to chip sales estimated around $575 million.
Global expenditure on cloud infrastructure reached $110.9 billion during Q4 2025, representing 29% year-over-year expansion. Research organization Omdia anticipates 27% growth continuing through 2026.
On March 16, Nvidia unveiled the Space-1 Vera Rubin computing module engineered for orbital data center deployments. Emerging company Starcloud completed a $170 million funding round at $1.1 billion valuation, preparing to launch satellite-based GPU clusters within the current year.
Analyst projections indicate Nvidia earnings will compound at 38% annually across the next three years. Current valuation stands at approximately 35 times forward earnings, with total market capitalization surpassing $4 trillion.
Amazon’s Dual Strategy in Robotaxis and Cloud Computing
Amazon maintains ownership of Zoox, which holds distinction as the exclusive provider operating purpose-built autonomous robotaxis on American public thoroughfares. Zoox vehicles currently transport passengers in Las Vegas and San Francisco, while testing proceeds in Austin and Miami deployment preparations advance for later this year.
Zoox submitted documentation to the National Highway Traffic Safety Administration seeking authorization to operate commercial ride-hailing services using up to 2,500 robotaxis. Agency decision timeline points to early April.
Morgan Stanley research forecasts Zoox will capture 12% of autonomous ride-hailing volume annually by 2032.
Amazon equity has retreated approximately 14% during 2026, currently trading around $199 per share. Investor concerns center on the company’s $200 billion AI infrastructure capital expenditure plan for the year alongside AWS growth deceleration relative to cloud competitors.
Jefferies analyst Brent Thill upholds a Buy rating with $300 price objective, characterizing the recent decline as excessive market reaction. Broader Wall Street sentiment reflects Strong Buy consensus, with 44 analysts establishing an average price target of $284.30.
Amazon’s forthcoming quarterly earnings release represents the next significant catalyst for share price movement.
