Amazon Poised for AI-Powered Growth, Appealing to Wood, Buffett
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Cathie Wood and Warren Buffett both own shares of Amazon stock. Amazon is making big moves into AI through partnerships and new services.
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While Amazon is a small part of their overall portfolios, institutional ownership can signal positive sentiment.
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Amazon looks undervalued compared to other big tech stocks based on its price-to-sales ratio. Its P/S is in line with its 10-year average despite growth.
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Amazon is poised for accelerated growth in cloud computing by leveraging AI, after recent macroeconomic issues.
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Now may be a good time to start gradually building a long-term position in Amazon stock due to its growth prospects and reasonable valuation.