The Rise of the Market: Investing in Amazon Beyond AI – Fagen wasanni
The market has seen a significant rise this year, thanks to the introduction of new artificial intelligence (AI) tools by major players in the industry. Companies like OpenAI, Microsoft, and Google are placing big bets on AI and its potential, attracting investors who see the computing revolution as an opportunity for growth.
For example, Microsoft recently announced a $10 billion investment in start-up OpenAI to challenge Google’s dominant position in the search engine market. This move has caught the attention of investors, leading to a 46% increase in the Nasdaq 100 index so far in 2023.
While Amazon’s shares have risen by 55% year-to-date, its success can’t solely be attributed to its involvement in the AI boom. There are other significant factors contributing to its earnings power and long-term stock performance.
One crucial aspect is Amazon’s retail profitability. The COVID-19 pandemic accelerated the consumer shift to e-commerce, and as the largest e-commerce platform in the…
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source: https://news.oneseocompany.com/2023/07/22/the-rise-of-the-market-investing-in-amazon-beyond-ai-fagen-wasanni_2023072247966.html
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