The Rise of Artificial Intelligence and Three Reasons to Invest in … – Fagen wasanni
The market has witnessed a significant increase this year, driven by the introduction of innovative artificial intelligence (AI) tools from companies like OpenAI, Microsoft, and Google. These tech giants are heavily investing in AI, with Microsoft betting $10 billion on start-up OpenAI to challenge Google’s search engine monopoly. As a result, technology stocks, such as those on the Nasdaq 100 index, have experienced a remarkable 46% surge in 2023.
While Amazon (AMZN 0.03%) has also benefited from the AI boom, with its shares increasing by 55% year to date, there are other factors beyond AI that smart investors should consider when buying Amazon shares.
Firstly, the COVID-19 pandemic accelerated the shift towards e-commerce in the United States, and as the largest e-commerce platform in the country, Amazon had to quickly invest billions of dollars to meet consumer demand. However, this rapid growth in sales led to margin deterioration. Although North American retail revenue grew by…
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source: https://news.oneseocompany.com/2023/07/22/the-rise-of-artificial-intelligence-and-three-reasons-to-invest-in-fagen-wasanni_2023072247956.html
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