From Nasdaq:

Warren Buffet and Cathie Wood, two famous investors, don’t usually agree, but both have small positions in an artificial intelligence (AI) stock. Amazon makes up 0.4% of Buffet’s Berkshire Hathaway portfolio. Wood’s position in Amazon is even smaller. Amazon is included in the Ark Space Exploration & Innovation ETF.

Amazon has been using AI for over two decades. AI permeates the algorithms used in their e-commerce platform. Alexa, their virtual assistant, was launched in 2014. AWS, Amazon’s cloud services platform, is the company’s biggest AI opportunity.

Buffett and Wood both have small positions in Amazon, leading some to believe that it might be a good investment. This is due to the company’s continued improvement in its bottom line, growth prospects from AWS, and its expansion into new markets.

The Motley Fool has identified what they believe are the 10 best stocks for investors. Amazon wasn’t one of them. Before you invest, consider the expert guidance provided by Stock Advisor, which has more than tripled the return of S&P 500 since 2002. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors.



Read more: Here’s the Only Artificial Intelligence (AI) Stock That Warren Buffett and Cathie Wood Both Own As 2024 Begins