Amazon Makes Savvy Moves to Dominate AI While Valuation Tempts Long-Term Investors
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Amazon's cloud business, Amazon Web Services (AWS), is a major profit driver despite economic challenges.
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Amazon recently invested $4 billion in AI startup Anthropic, which will use AWS, funneling new AI business to Amazon.
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Amazon launched Bedrock, a new cloud platform for generative AI applications.
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Amazon has made quiet but savvy moves in AI, though attention goes to Microsoft, Alphabet, Nvidia.
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At a P/S ratio of 2.9, Amazon stock looks attractively valued for long-term investors bullish on its ability to dominate in AI.