Amazon (NASDAQ: AMZN) has emerged from a challenging period with high growth and massive opportunities. Its artificial intelligence (AI) spend, which provoked an exodus from the stock last year, is paying off, and the market is starting to appreciate it again.
Amazon stock is up 15% year to date, edging out the S&P 500's 13% gain, but it still looks cheap; it's trading at 21.3 times forward, 1-year earnings, a very slight premium to the S&P 500 average of 20.4.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
CEO Andy Jassy has maintained over the past few years that the AI spend is necessary to harness the incredible opportunities in AI. Amazon has a first-mover's edge and the most to gain, since it's the largest cloud company in the world.
At times, Jassy has appeared surprised by the intense, negative market reaction to what seems logical and necessary. He has reiterated many times that this is the biggest opportunity since the internet, and that there's going to be a shift to the cloud. Well, that time has come, and Amazon is ready.
#jassy #flashing #Stock
Amazon stock is up 15% year to date, edging out the S&P 500's 13% gain, but it still looks cheap; it's trading at 21.3 times forward, 1-year earnings, a very slight premium to the S&P 500 average of 20.4.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
CEO Andy Jassy has maintained over the past few years that the AI spend is necessary to harness the incredible opportunities in AI. Amazon has a first-mover's edge and the most to gain, since it's the largest cloud company in the world.
At times, Jassy has appeared surprised by the intense, negative market reaction to what seems logical and necessary. He has reiterated many times that this is the biggest opportunity since the internet, and that there's going to be a shift to the cloud. Well, that time has come, and Amazon is ready.
#jassy #flashing #Stock
2 months ago
