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3 Reasons Amazon Stock Is Still a Top Artificial Intelligence Buy Right Now
For a while, it seemed like artificial intelligence (AI) was the hottest topic in the business and investing world. Companies rushed to integrate it into their products and services, investors rushed to pour money into any company dealing with AI, and the media couldn't seem to get enough of it.Many big tech companies are still betting big on AI, and the future looks promising for many of them. However, this year, the AI-fueled stock price growth many of them experienced has cooled down a bit and reversed course. Amazon (NASDAQ: AMZN) is a prime example.From the start of 2023 through the end of 2024, Amazon's stock surged more than 160%. As of April 29 this year, its stock is down over 15%. Despite the struggles so far this year, Amazon is still one of the more important companies in the AI ecosystem and a top AI buy. Below are three reasons why.Continue reading
For a while, it seemed like artificial intelligence (AI) was the hottest topic in the business and investing world. Companies rushed to integrate it into their products and services, investors rushed to pour money into any company dealing with AI, and the media couldn't seem to get enough of it.
Many big tech companies are still betting big on AI, and the future looks promising for many of them. However, this year, the AI-fueled stock price growth many of them experienced has cooled down a bit and reversed course. Amazon (NASDAQ: AMZN) is a prime example.
From the start of 2023 through the end of 2024, Amazon's stock surged more than 160%. As of April 29 this year, its stock is down over 15%. Despite the struggles so far this year, Amazon is still one of the more important companies in the AI ecosystem and a top AI buy. Below are three reasons why.
