From Nasdaq: 2024-06-28 09:29:00

Artificial intelligence (AI) is propelling Amazon stock up by 23% as of mid-2024, outperforming the S&P 500 and Nasdaq. Both Warren Buffett and Cathie Wood have invested in Amazon due to its robust cash flow, which reached $99 billion in operating cash flow and $50 billion in free cash flow for the last 12 months. Amazon’s aggressive AI investments, including a $4 billion investment in Anthropic, position the company as a leader in the AI landscape. The company’s diverse businesses, including AWS and advertising, are set to benefit from these AI investments. In light of the AI frontier, Amazon’s more reasonable valuation and long-term prospects, investing in Amazon stock seems like a solid choice.



Read more at Nasdaq: 1 Cathie Wood and Warren Buffett Artificial Intelligence (AI) Stock to Buy Before It Surges 28%, According to 1 Wall Street Analyst