Amazon's Diverse Business and AI Potential Attract Top Investors Buffett and Wood
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Cathie Wood and Warren Buffett both own stock in Amazon (AMZN), although it is a small part of their overall portfolios.
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Amazon operates in e-commerce, cloud computing, subscriptions, media, and advertising, providing diversification.
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Advances in AI could drive growth across Amazon's business segments, especially AWS cloud computing.
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Analyst Mark Mahaney thinks AMZN stock could surge 26% to $220 per share.
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At a low price-sales ratio, AMZN trades at a discount compared to other mega cap tech stocks.