Summary: Cathie Wood and Warren Buffett see potential in Amazon as a major player in AI.

From Nasdaq: 2024-07-22 05:18:00

Ark Invest CEO Cathie Wood and Berkshire Hathaway CEO Warren Buffett, though both prominent institutional money managers, differ greatly in their investment strategies. However, both own shares in Amazon, the only Magnificent Seven stock in common. Amazon’s astounding cash flow growth has positioned it as a prime player in emerging AI technology, backed by aggressive investments and a diverse revenue model that could set it apart from its peers in the long term. Despite its current attractive valuation, Amazon’s potential as a major force in AI should not be underestimated. Investors may find value in considering Amazon stock as a long-term investment opportunity.



Read more at Nasdaq: A Once-in-a-Generation Investment Opportunity: Why I Think This Warren Buffett and Cathie Wood Artificial Intelligence (AI) Stock Will Be the Best “Magnificent Seven” Opportunity for Decades to Come