Is Amazon an AI stock?
Like Nvidia, Amazon is leading its respective area of AI. The company is home to the world's largest cloud platform, Amazon Web Services, which outperforms competitors Microsoft's Azure and Alphabet's Google Cloud in market share.
| Company | Sector | Market cap |
|---|---|---|
| Nvidia | Technology | $2.98T |
| MicroStrategy | Technology | $27.58B |
| Arm Holdings | Technology | $165.90B |
| PROCEPT BioRobotics | Health care | $3.44B |
The Seattle company is now devoting more investment money to its cloud computing and AI infrastructure than to its sprawling network of e-commerce warehouses.
Amazon Lex is a fully managed artificial intelligence (AI) service with advanced natural language models to design, build, test, and deploy conversational interfaces in applications.
Google, Microsoft and Apple are among the best AI stocks, though Microsoft may be the best positioned of the three. Apple's AI strategy centers on Apple Intelligence, slated to launch in late-2024, and Google's AI efforts are putting it in direct competition with AI leaders OpenAI and Nvidia.
| Company (ticker) | Analysts' consensus recommendation score | Analysts' consensus recommendation |
|---|---|---|
| ServiceNow (NOW) | 1.49 | Strong Buy |
| Assurant (AIZ) | 1.50 | Strong Buy |
| Howmet Aerospace (HWM) | 1.50 | Strong Buy |
| Insulet (PODD) | 1.50 | Strong Buy |
Amazon founder Jeff Bezos has heavily bet on Perplexity AI, a startup that is taking on the search giant Google.
Nvidia, Microsoft, and Amazon Are Leaders in Artificial Intelligence (AI), but Don't Overlook This Stock.
👉 Key Highlights: 📍 Astera Labs' IPO surges 72%, closing at $62.03 with a near $9.5 billion market cap. 📍 Amazon benefits from the surge, with shares and warrants worth almost $144 million.
Bezos has previously proclaimed his support of A.I., calling himself “optimistic” about its potential for innovation and discovery in a 2023 podcast with computer scientist Lex Fridman.
Is Amazon in the AI race?
OpenAI, Microsoft, and Google are considered frontrunners in the generative AI race, but Amazon has been making strategic moves in an apparent bid to remain competitive. It's developing its own AI tools and poured $4 billion into Anthropic, the company behind the AI assistant Claude.
Amazon plans to give Alexa an AI overhaul — and a monthly subscription price. Amazon is planning to unveil a souped-up version of its decade-old voice assistant this year and will charge a monthly fee, sources say.
| Ticker | Company | Performance (Year) |
|---|---|---|
| SOUN | SoundHound AI Inc | 62.57% |
| HLX | Helix Energy Solutions Group Inc | 56.58% |
| ISRG | Intuitive Surgical Inc | 22.70% |
| FARO | Faro Technologies Inc. | 11.06% |
Buy shares in publicly traded AI funds. If choosing the stocks of individual companies isn't appealing, then you can consider investing in a fund instead. Your typical options are exchange-traded funds (ETFs) and mutual funds (although as of 2024 a mutual fund dedicated exclusively to AI stocks doesn't yet exist).
Just about everyone in the investing world, it seems, is bullish on artificial intelligence over the long term. Tech firms, utilities and other companies plan to spend more than $1 trillion on AI infrastructure over the next several years, according to Goldman Sachs analysts.
44% of Warren Buffett's $366 Billion Portfolio Is Invested in 3 Widely Owned Artificial Intelligence (AI) Stocks.
| Company (TICKER) | 1-Year Return |
|---|---|
| Palo Alto Networks, Inc. (PANW) | 45% |
| ServiceNow, Inc. (NOW) | 37% |
| Advanced Micro Devices, Inc. (AMD) | 30% |
| UiPath, Inc. (PATH) | 19% |
- Top 3 Picks in AI Stocks Under $10:
- FiscalNote Holdings, Inc. ( ...
- BigBear.ai Holdings, Inc. ( ...
- SoundHound AI, Inc. ( ...
- Why AI Stocks?
| Name | Sub-Sector | Close Price (Rs.) |
|---|---|---|
| Sun Tv Network Ltd | TV Channels & Broadcasters | 783.90 |
| UTI Asset Management Company Ltd | Asset Management | 1,025.00 |
| Oberoi Realty Ltd | Real Estate | 1,796.00 |
| Five-Star Business Finance Ltd | Consumer Finance | 829.85 |
| Company (Ticker) | Forward P/E Ratio |
|---|---|
| TopBuild Corp. (BLD) | 18.2 |
| Citigroup, Inc. (C) | 50.8 |
| The Kraft Heinz Company (KHC) | 8.7 |
| Fidelity National Information Services, Inc. (FIS) | 18.4 |
What is the safest stock to invest in?
Dividend stocks are considered safer than high-growth stocks, because they pay cash dividends, helping to limit their volatility but not eliminating it. So dividend stocks will fluctuate with the market but may not fall as far when the market is depressed.
Musk's best investments include PayPal, SpaceX, DeepMind Technologies, Tesla, and The Boring Company.
A group of investors will put up $6 billion to fund development of artificial intelligence by Elon Musk's xAI.
Amazon Alexa, or, Alexa, is a virtual assistant technology largely based on a Polish speech synthesizer named Ivona, bought by Amazon in 2013.
Amazon stock has received a consensus rating of buy. The average rating score is A1 and is based on 97 buy ratings, 3 hold ratings, and 0 sell ratings.
