Forget Amazon: 2 Artificial Intelligence (AI) Stocks to Buy Now
What was Amazon's stock percentage increase over the last 12 months?
Amazon's stock has risen by 53% over the last 12 months, hitting an all-time high this week. The company's financial growth and expanding role in artificial intelligence have contributed to this increase.
How does AWS' position in the cloud industry impact Amazon's AI role?
AWS' dominance in the cloud industry strengthens Amazon's AI role by providing a robust platform for businesses to leverage AI capabilities. AWS offers a wide range of AI services, tools, and resources, allowing customers to build and scale AI applications efficiently. This positions Amazon as a leader in AI technology and enables the company to drive innovation in various industries.
Why are Amazon's shares considered slightly overpriced currently?
Amazon's shares are considered slightly overpriced currently because the stock growth over the last year hasn't exactly matched its earnings growth6. The company has the highest price-to-earnings and price-to-free cash flow ratios among some of its peers in the AI software industry, suggesting it is currently one of the worst-valued stocks in its sector.