Amazon's AI unit is rapidly growing, making it a solid investment choice for long-term growth.
From Nasdaq: 2025-01-04 04:35:00
The artificial intelligence (AI) market is booming, with ChatGPT’s release making waves on Wall Street. Investors have many options, but Amazon (NASDAQ: AMZN) stands out for its diversified AI-related services through Amazon Web Services (AWS). AWS now boasts a $110 billion annual run rate, with AI contributing significantly to its growth.
Amazon’s AI unit, although a smaller part of its overall business, is rapidly growing. Beyond AI, Amazon dominates in e-commerce, advertising, streaming, healthcare, and more. While not growing as fast as Nvidia, Amazon’s deep market presence and cash generation make it a solid investment choice, with a culture of innovation driving its success.
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Amazon, Microsoft, and Nvidia are leading players in AI and cloud computing. Amazon’s diverse market presence and financial strength make it an attractive investment option for long-term growth. John Mackey, former CEO of Whole Foods Market, a subsidiary of Amazon, is a board member of The Motley Fool. The views and opinions expressed do not necessarily reflect those of Nasdaq, Inc.
Read more at Nasdaq: My Top Artificial Intelligence (AI) Stock to Buy for 2025 (Hint: It’s Not Nvidia)
