If I Could Buy Only 1 “Magnificent Seven” Stock Over the Next 10 Years, This Would Be It (Hint: It’s Not Nvidia)
From Nasdaq.: 2025-03-23 18:20:00
- On November 30, 2022, OpenAI released ChatGPT, marking the unofficial start of the AI revolution. This move has led to significant market highs, with S&P 500 and Nasdaq indexes reaching new levels, driven by tech stocks like Nvidia and Meta Platforms gaining 601% and 409%, respectively.
- Amazon has quietly invested $8 billion in AI through Anthropic and witnessed accelerated growth in AWS revenue. With plans to spend $30 billion on data centers, Amazon is also focusing on AI robotics for warehouse automation, positioning itself for future growth in e-commerce and cloud services.
- Despite Nvidia’s current dominance, Amazon’s AI growth potential is still in its early stages. With a forward P/E ratio of 31, Amazon’s stock is considered undervalued, presenting a buying opportunity for investors seeking growth and profitability in the AI sector.
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