AMZN: The overlooked juggernaut in the AI arms race?
Posted: Jul 05, 2024
- Amazon's AI efforts are not getting as much attention as Nvidia, Google, and Microsoft in the AI race - Amazon invested $4 billion in Anthropic - Anthropic's Claude 3.5 is outperforming OpenAI - AWS is a dominant player in cloud computing, providing ample resources for AI - Amazon has the financial resources to recruit top AI talent - Amazon could potentially excel in the AGI race - The poster owns 500 shares of $AMZN and LEAPs - TL;DR: Amazon has strong AI potential but is not getting much recognition, AWS and Anthropic partnership could lead to significant growth
🚨 Reddit sentiment: mixed/positive - Most comments are bullish on AMZN's diverse growth opportunities and AI implementation, with some skepticism and concerns about customer treatment. Summarized comments: - AMZN is up 50% over the past year compared to Microsoft's 38% - Bullish sentiment on AMZN due to various growth levers and diverse business areas - Potential for AI implementation in multiple business operations (ads, prices, products) - Some skepticism on AI being a game changer for AMZN - Amazon's expansion into luxury fashion seen as a good move for margin expansion - AMZN's size allows it to expand into different areas simultaneously - Mention of Emcor (EME) for its role in building data centers and its potential to profit from AI - Concerns about AMZN's treatment of customers, but mixed opinions on its validity and impact Stock tickers discussed: $AMZN, $EME
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