Amazon.com, Inc. (AMZN)
Artificial intelligence (AI) is arguably the most transformative technology since the internet reshaped the global economy. Amazon has developed artificial intelligence products that strengthen its market position in e-commerce, advertising, and cloud computing.
Amazon's stock success boils down to AWS and advertising. Its growth rate has accelerated in recent quarters.
Demand for artificial intelligence is fueling a digital gold rush across America, and some communities across the U.S. are experiencing the shift in real time.
Amazon is experimenting again.
By benefiting from numerous secular trends, this dominant internet company can keep the growth going. Management plans to continue spending a massive sum on AI-related capital expenditures.
The company started by MrBeast behind his YouTube channel, Feastables and more could be heading to the stock market.
Sports-betting outfit DraftKings has been mired in troubling news of late. Now take a step back and look at the bigger picture.
New York Stock Exchange President Lynn Martin expects a surge of delayed IPOs to hit the market early next year after a series of disruptions pushed companies to pause their listing plans.
The company plans to add more computing power to Amazon Web Services. Advertising has been the fastest-growing segment in the past couple of years.
I reiterate my strong buy on Amazon.com, Inc., and I expect shares to break new all-time highs before year-end. In my view, the November selloff was unwarranted. The fundamentals, especially around AWS, remain intact since the company reported spectacular Q3 results. The $38B, 7-year OpenAI cloud deal adds fuel to the fire, with upside that could materialize into revenue as soon as Q4 this year.