From Nasdaq: 2024-05-08 05:30:00

The “Magnificent Seven” tech stocks, including Amazon, have been investing in AI, leading the market gains. Amazon stands out as a once-in-a-generation AI buying opportunity, benefiting from e-commerce, cloud computing, and a strong AI presence through AWS services. Amazon’s diverse AI offerings position it for significant growth potential.

Investing in Amazon in its early AI days presents a game-changing opportunity with generative AI projects expected to boost growth over the next 20 years. Amazon’s strategic use of AI internally to streamline operations showcases its potential. With positive earnings reports, robust growth estimates, and a lower forward PE ratio, Amazon emerges as a standout long-term investment.

Consider investing in Amazon now, as it offers significant growth potential in the AI landscape. While Amazon is not on the current top stocks list, historical data shows immense returns from investing in growth stocks early. The Motley Fool’s Stock Advisor service offers expert guidance to maximize returns, with a track record of outperforming the S&P 500 since 2002.



Read more at Nasdaq: Meet the “Magnificent Seven” Stock That’s a Once-in-a-Generation Artificial Intelligence (AI) Buying Opportunity Right Now