Reported 4 months ago
The article predicts that Amazon is likely to be the next company to join Microsoft, Apple, Nvidia, and Alphabet in the $2 trillion market capitalization club, known as the "Magnificent Seven" of artificial intelligence (AI). The article highlights Amazon's strong growth in its cloud computing division, investments in AI, and impressive financial performance, suggesting that Amazon's entrance into the $2 trillion club is imminent. Despite Amazon's stock valuation being at an all-time high, it is suggested that it remains a good buy for long-term investors due to its leadership in AI and strong financials.
Source: YAHOO