Amazon and Micron Poised to Ride AI Boom, Tencent AI Prospects Brighten
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Amazon (AMZN) stock is still 6% below its 2021 highs, but its massive infrastructure and data gives it advantages in generative AI that can drive growth.
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Memory chipmaker Micron (MU) is approaching all-time highs again as the memory industry recovers, boosted by strong AI demand.
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Micron recently announced a new high-bandwidth memory product to capitalize on Nvidia's upcoming H200 AI systems.
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Tencent (TCEHY) trades at just 12.8 times earnings despite 10% revenue growth, and is becoming an AI leader in China.
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Tencent's valuation leaves lots of room for upside if investor concerns about China ease even slightly.