Reported about 1 year ago
Amazon's stock has surged 27% this year, with optimistic projections for the rest of 2024. The company's focus on artificial intelligence (AI) and investments in AI-based startups and technologies are expected to drive growth. Amazon's strong first-quarter performance, advancements in AI, expansion of e-commerce, faster deliveries, and thriving advertising sector are key factors contributing to its upward trajectory. Forecasted EPS growth, expected AI technology advancements, increasing operating income, and high analyst ratings indicate a promising outlook for Amazon's stock by the end of 2024.
Source: YAHOO