Warren Buffett's Favorite Artificial Intelligence (AI) Stock Is a Screaming Buy
Warren Buffett is one of the best investors of all time. But he's not traditionally known for investing in technology businesses. That's changed in recent years, however, and today some of his biggest positions are technology companies. In fact, he's currently betting billions of dollars on a particular artificial intelligence stock that looks like a screaming buy for investors bullish on artificial intelligence (AI).Most people don't think of Amazon (NASDAQ: AMZN) as an AI company. But one of its biggest business segments sits at the center of the AI revolution.In 2006, Amazon launched a new division: Amazon Web Services, or AWS for short. At first, this division was structured around helping to make its internal e-commerce operation more efficient at scaling. But over time, Amazon realized that other businesses needed the same solutions, especially when it came to scaling cloud computing. Today, AWS controls more than 31% of the cloud computing infrastructure market. Continue reading
Warren Buffett is one of the best investors of all time. But he's not traditionally known for investing in technology businesses. That's changed in recent years, however, and today some of his biggest positions are technology companies. In fact, he's currently betting billions of dollars on a particular artificial intelligence stock that looks like a screaming buy for investors bullish on artificial intelligence (AI).
Most people don't think of Amazon (NASDAQ: AMZN) as an AI company. But one of its biggest business segments sits at the center of the AI revolution.
In 2006, Amazon launched a new division: Amazon Web Services, or AWS for short. At first, this division was structured around helping to make its internal e-commerce operation more efficient at scaling. But over time, Amazon realized that other businesses needed the same solutions, especially when it came to scaling cloud computing. Today, AWS controls more than 31% of the cloud computing infrastructure market.
