Reported 2 days ago
Amazon's success in the AI sector is highlighted by its continued leadership in cloud services through AWS, which accounted for 60% of its operating income over the past year. The company plans to invest $100 billion in data centers to meet growing AI data demands, while its operating cash flow has soared to a record $113 billion, ensuring Amazon can sustain its competitive edge. Despite high market valuations, Amazon's stock remains reasonably priced, making it an attractive investment for those looking to capitalize on the AI boom.
Source: YAHOO