True, Amazon's top line isn't growing as fast as Nvidia's. In the third quarter, Amazon's revenue increased 11% year over year to $158.9 billion. The company's net income of $15.3 billion was up 54.5% from the year-ago period.

Rather than focusing on quarterly earnings beats or temporary market sentiment, my investment strategy centers on identifying companies that can compound value over many years or even decades. While many view the current AI boom skeptically,

Amazon ( AMZN -0.86%) stands out because it has delivered this whopping gain and still has a long road ahead. The market wasn't so sure about this before artificial intelligence (AI) burst onto the scene two years ago, but in Amazon style, it has developed a robust AI platform that's becoming a massive tailwind for its business.