If I Could Buy Only 1 Artificial Intelligence Stock Over the Next Year, Amazon Would Be It, but Here's the Key Reason
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The author highlights Amazon (AMZN) as the top artificial intelligence stock to buy, primarily due to its Amazon Web Services (AWS). Despite representing less than 20% of Amazon's revenue, AWS accounts for 63% of its operating income. The global cloud computing market is projected to triple by 2030, potentially increasing AWS revenue from $107.6 billion in 2024 to $342 billion by 2030, which could significantly boost Amazon's operating income and stock returns.
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