A Once-in-a-Decade Investment Opportunity: My Pick for the Best AI Stock to Buy Now
Andy Jassy, CEO of Amazon (NASDAQ: AMZN), in a recent shareholder letter wrote, "Generative AI may be the largest technology transformation since the cloud (which itself is still in the early stages), and perhaps since the internet." That puts investors in front of a rare opportunity.Evercore and Morgan Stanley recently selected Amazon as a top pick due in part to its strong positioning in artificial intelligence. Specifically, Mark Mahaney at Evercore says cloud revenue growth could accelerate as Amazon monetizes AI, and Brian Nowak at Morgan Stanley sees the company as an underappreciated leader in AI across cloud and retail.Amazon stock has fallen 18% from the record high it reached in February. Admittedly, the market environment is currently complicated by trade tensions and worrisome economic data, which means the stock may not recover anytime soon. But I believe the current share price will look like a bargain in three to five years.Continue reading
Andy Jassy, CEO of Amazon (NASDAQ: AMZN), in a recent shareholder letter wrote, "Generative AI may be the largest technology transformation since the cloud (which itself is still in the early stages), and perhaps since the internet." That puts investors in front of a rare opportunity.
Evercore and Morgan Stanley recently selected Amazon as a top pick due in part to its strong positioning in artificial intelligence. Specifically, Mark Mahaney at Evercore says cloud revenue growth could accelerate as Amazon monetizes AI, and Brian Nowak at Morgan Stanley sees the company as an underappreciated leader in AI across cloud and retail.
Amazon stock has fallen 18% from the record high it reached in February. Admittedly, the market environment is currently complicated by trade tensions and worrisome economic data, which means the stock may not recover anytime soon. But I believe the current share price will look like a bargain in three to five years.
