Posted 2/19/2024, 9:40:00 AM
Amazon and Docebo Seen as Better AI Bets Than Nvidia Despite Recent Stock Surge
- Nvidia stock has soared recently due to AI hype, but Wall Street sees more upside now in Amazon (23% implied upside) and Docebo (30% implied upside)
- Amazon is growing in multiple areas - e-commerce, digital ads, cloud computing - with AI potential in AWS cloud services
- Docebo provides a learning management system (LMS) and is using AI to automate content creation
- Docebo named a leader in LMS by Fosway Group and highlighted by Morgan Stanley as a top AI stock
- Grand View Research forecasts 20% annual LMS spending growth through 2030, Docebo expected to grow sales at 25% annually