Prediction: This Artificial Intelligence (AI) Stock Could Be Worth More Than Microsoft 5 Years From Now [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
The proliferation of artificial intelligence (AI) has played a central role in helping the tech giant reach this position. Shares of Microsoft have jumped more than 72% since the beginning of 2023 when the AI revolution started taking hold. The stock's performance has matched that of the Nasdaq-100 Technology Sector index during this period. Microsoft's impressive rally seems well-deserved considering that the company has been quick to monetize its partnership with OpenAI and is offering a wide range of AI-focused solutions across its software portfolio. AI has started moving the needle for Microsoft already, with the company witnessing growth in lucrative markets such as cloud computing. Looking ahead, Microsoft could remain a solid AI play thanks to adoption of the technology in the workplace collaboration, cloud, gaming, and personal computer (PC) markets. However, Microsoft itself expects AI to only make a gradual contribution to its growth. Meanwhile, analysts at investment
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News
- NBA Targets $76 Billion Windfall in New TV Rights Deal [BNN Bloomberg (Canada)]BNN Bloomberg
- Jeff Bezos' tips on how to run a company and manage your team [Business Insider]Business Insider
- How Much Do These Top Billionaires Make Per Hour? [Yahoo! Finance]Yahoo! Finance
- Amazon Could Be A Dominant Leader In AI Infrastructure Alongside Nvidia [Seeking Alpha]Seeking Alpha
- MacKenzie's millions: See how much Jeff Bezos' ex just gave to six Miami nonprofits [Yahoo! Finance]Yahoo! Finance
AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/2/24 - Form PX14A6G
- 5/2/24 - Form PX14A6G
- 5/2/24 - Form PX14A6G
- AMZN's page on the SEC website