Amazon Bounces Back: AI Investments, Cash Flow Turnaround Spark Analyst Optimism of 15% Stock Upside
• Opportunity to invest in Amazon AI stock with 15% upside potential according to analyst • Amazon generated $36.8B in free cash flow in 2023, a major turnaround from burning $11.6B in 2022 • AWS cloud business grew 13% with 27% operating margin, driving improved profitability • Amazon invested in AI platform Anthropic, which will use AWS and Amazon chips, opening new revenue streams • Amazon trades at a P/S ratio of 3.4, the lowest among mega tech peers Apple, Meta, Google despite AI potential