Amazon's Quiet AI Moves Pay Off With Soaring Profits from AWS and Savvy Investments
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Amazon Web Services (AWS) is Amazon's most profitable business, generating over 70% of total operating income in 2023.
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Amazon recently invested $4 billion in AI startup Anthropic, which will use AWS for training models. This supports Amazon's new Bedrock AI platform.
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Microsoft and Alphabet get more hype for their AI efforts, but Amazon has quietly made savvy AI moves.
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Since its IPO, Amazon stock is up over 160,000% thanks to continued innovation and new business segments.
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At a price-to-sales ratio of 2.9, Amazon stock looks attractively valued for long-term investors bullish on the growth runway for AWS and AI.