Amazon Soars into Dow on Growth Prospects from AI, Cloud Computing

Amazon was recently added to the Dow Jones Industrial Average, joining other blue-chip stocks. Analysts see significant growth potential due to AI and other factors.

Amazon reported very strong Q4 2022 results, with growth accelerating across most segments. Profits also rose sharply.

Amazon has dominant positions in e-commerce, digital advertising, and cloud computing (with AWS), all fast-growing markets.

Amazon is investing heavily in AI across all layers of the technology stack to support continued innovation.

Despite already being up 950% in the past decade, analysts see Amazon shares as reasonably valued given the company's strong growth prospects.