Reported 12 months ago
Amid the dominance of artificial intelligence (AI) in the technology sector, Amazon stands to benefit significantly with its e-commerce and cloud computing capabilities. Analysts predict a potential 28% surge in Amazon stock over the next year, driven by its strong cash flow and investments in AI technology. Both renowned investors Warren Buffett and Cathie Wood hold positions in Amazon due to its robust cash flow and AI initiatives. Amazon's strategic investments in AI, such as acquiring Anthropic and backing machine-learning start-ups, signal its focus on AI integration across its ecosystem, including Amazon Web Services and advertising. With a diverse business portfolio and AI's promising future, investing in Amazon is seen as a strategic move for long-term growth.
Source: YAHOO