The artificial intelligence (AI) market is projected to skyrocket from $190 billion in 2023 to nearly $5 trillion by 2033. Investors are on the lookout for the next big AI stock, with Amazon’s AWS segment driving significant profits. AWS revenue increased by 17% last quarter, with operating profits reaching $11.5 billion.
Investing in Amazon offers a unique opportunity in the AI sector. With a dominant position in cloud computing through AWS, Amazon’s profitability and growth potential are unmatched. Analysts believe AI will continue to drive AWS growth, potentially leading to a separate business entity. Amazon presents a solid balance between risk and reward in the AI industry.
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Read more at Nasdaq: 1 Overlooked Artificial Intelligence (AI) Stock That Could Generate Life-Changing Returns