NVDA vs. AMZN vs. MSFT: Mega-Cap Stock Comparison with Highest Upside Potential

Mega-cap stocks Nvidia (NVDA), Amazon (AMZN), and Microsoft (MSFT) are compared to determine which one has the highest upside potential. Nvidia stock has rallied 33% YTD due to strong demand for its GPUs and is expected to continue growing. Analyst Vivek Arya predicts a healthy beat and raise for Nvidia's Q2 FY26 earnings, driven by continued strength in Blackwell/Ultra ramp and rising AI capex. NVDA stock has a Strong Buy consensus rating and an average price target of $185.79, indicating 4.2% upside potential.

Title: Comparing Upside Potential: Nvidia, Amazon, and Microsoft

In the tech sector, mega-cap stocks like Nvidia (NVDA), Amazon (AMZN), and Microsoft (MSFT) are often in the spotlight for their significant market capitalizations and influence. As of July 2, 2025, each of these companies has shown distinct performance trends, with Nvidia emerging as a standout due to its strong demand for GPUs and robust earnings growth.

Nvidia (NVDA):
Nvidia stock has rallied 33% year-to-date (YTD) due to exceptional demand for its GPUs, particularly the Blackwell chips. Analyst Vivek Arya predicts a healthy beat and raise for Nvidia's Q2 FY26 earnings, driven by continued strength in Blackwell/Ultra ramp and rising AI capex. The Strong Buy consensus rating and an average price target of $185.79 indicate a 4.2% upside potential [1].

Nvidia's recent earnings report showed a revenue increase of 69.2% year-over-year, but earnings per share missed analyst expectations. Despite this mixed performance, the company's forward capacity and supply improvements are expected to boost output and earnings in the second half of 2025 [1]. Morgan Stanley has raised its price target for Nvidia to $200, driven by the superior performance of Blackwell GPUs, which could represent 80% of Nvidia’s high-end GPU shipments this year [1].

Amazon (AMZN):
Amazon has seen steady growth, particularly in its cloud services and e-commerce segments. The company's AWS division continues to be a significant revenue driver. However, Amazon's stock performance has been relatively flat YTD, with a slight increase of 2.5%. The company's strong fundamentals and diversified revenue streams suggest a stable but less aggressive growth trajectory compared to Nvidia.

Microsoft (MSFT):
Microsoft has been a consistent performer with a 16.5% YTD increase in its stock price. The company's cloud services, particularly Azure, have been a key driver of growth. Microsoft's diversified business model, including software, hardware, and cloud services, provides a stable foundation for growth. However, the company's growth rate is expected to be more moderate compared to Nvidia.

Conclusion:
Among Nvidia, Amazon, and Microsoft, Nvidia stands out with the highest upside potential. Its strong demand for GPUs, particularly Blackwell chips, and robust earnings growth projections suggest a more aggressive growth trajectory. While Amazon and Microsoft also offer strong investment opportunities, Nvidia's focus on AI and GPU technology provides a unique advantage in the market.

References:
[1] https://m.economictimes.com/news/international/us/nvidia-stock-price-target-2025-morgan-stanley-just-boosted-nvidias-target-heres-why-blackwell-chips-are-game-changers/articleshow/123044159.cms
[2] https://www.marketbeat.com/instant-alerts/filing-mt-bank-corp-cuts-stake-in-nvidia-corporation-nasdaqnvda-2025-08-03/