Goldman Advises AI Stock Diversification, Highlights Pinterest, Coupang, Amazon Growth Potential
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Goldman Sachs recommends diversifying beyond high momentum AI stocks into companies in various stages of leveraging AI, including Pinterest, Coupang, and Amazon.
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Pinterest uses AI to power search and curate content, has seen user growth, and has potential to grow e-commerce and ad revenues. Goldman sees 20%+ upside.
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Coupang utilizes AI-powered logistics allowing rapid delivery in South Korea; acquisition of Farfetch expands luxury goods and global reach. Goldman sees 64% upside.
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Amazon is a leader across e-commerce, advertising, media, subscriptions and cloud; its scale drives margins while growth continues. Goldman sees 26% upside.
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TipRanks data shows analysts are bullish on the stocks mentioned - they have Moderate or Strong Buy consensus ratings and substantial upside potential over the next year.