Amazon CEO Andy Jassy, left, speaking with Seattle Mayor Bruce Harrell at an event in Seattle last year to announce new funding for affordable housing

Both Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) saw strong growth in their cloud-computing business units in 2024. While Microsoft's Azure saw the higher revenue growth, it was Amazon's stock that outperformed in 2024.

Among Nvidia, Apple, Microsoft, Amazon, Alphabet, Meta Platforms, and Tesla, there's a phenomenal bargain hiding in plain sight, as well as a highflier that may be more than fully valued.

Microsoft stands out as a good value for 2025 and beyond. The stock isn't overpriced, sporting a 34.9 price-to-earnings (P/E) ratio compared to its 32.1 median P/E over the last decade. However, Microsoft is arguably a far stronger business today with better growth prospects than it was 10 years ago.

Amazon.com said on Tuesday that its cloud computing division, Amazon Web Services (AWS), plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies.

Tech’s biggest companies are turning to nuclear power for their efficiency and sustainability goals and to meet massive energy demands.

Amazon and Microsoft, of course, are more than just their cloud businesses. Amazon is still the world's largest e-commerce and logistics company. It also owns the Prime Video streaming service.

I believe quality analysis particularly in the tech sector can be hard to find. I highlight top calls from my firm's Forbes analyses during a strong year for AI

The biggest US tech stocks have enjoyed an earnings bonanza in the past two years, leading to their significant outperformance of the broader market.

Magnificent Seven performed strongly last year, but how will they fare in 2025? Explore experts’ tech stock predictions for 2025.