Prediction: Buying Amazon Stock Today Could Set You Up for Life
Amazon (NASDAQ: AMZN) looks like one of the most exciting stocks to own over the next several decades. But don't be fooled: This excitement has nothing to do with the company's e-commerce business that currently contributes most of its revenue.Instead, there's another business segment that most investors aren't familiar with. This division should grow by leaps and bounds for years to come thanks to a massive rise in artificial intelligence spending. Right now, Amazon sits at the center of the ongoing AI revolution. It implemented AI solutions throughout much of its e-commerce division. But it really is Amazon Web Services -- commonly referred to simply as AWS -- that is the true winner.Continue reading
Amazon (NASDAQ: AMZN) looks like one of the most exciting stocks to own over the next several decades. But don't be fooled: This excitement has nothing to do with the company's e-commerce business that currently contributes most of its revenue.
Instead, there's another business segment that most investors aren't familiar with. This division should grow by leaps and bounds for years to come thanks to a massive rise in artificial intelligence spending.
Right now, Amazon sits at the center of the ongoing AI revolution. It implemented AI solutions throughout much of its e-commerce division. But it really is Amazon Web Services -- commonly referred to simply as AWS -- that is the true winner.
