AI and Cloud Computing Fueling Growth Potential for Oracle and Amazon Stocks
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Artificial intelligence (AI) has the potential to greatly impact the global economy and create investment opportunities.
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Oracle's cloud infrastructure business is growing over 50% annually, powered by AI, and could drive long-term growth. At a lower valuation than peers, Oracle stock could triple.
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Amazon uses AI extensively in its e-commerce operations and cloud computing platform to improve customer experiences.
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Amazon Web Services offers hardware and software for companies to build their own AI applications.
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Despite higher revenue than tech peers, Amazon stock trades at a lower price-sales ratio. If it grows revenue 8% annually, shares could 4x.