Two AI Shares to Invest in Immediately for Long-Term Financial Security
Amazon, the tech giant with a stock ticker NASDAQ: AMZN, currently trades at $228.91, following a 1.16% decrease today. The company's market capitalization stands at a colossal $2.4 trillion, reflecting its significant influence in the global market.
Amazon's cloud computing arm, Amazon Web Services (AWS), continues to lead the rapidly expanding market. Despite the growth of competitors such as Microsoft's Azure and Google Cloud, AWS remains the clear leader. In the second quarter, AWS recorded a solid 17% growth in sales, demonstrating its ongoing success.
The predictions by Goldman Sachs suggest that the annual cloud platform and infrastructure revenue will approach $1.2 trillion by 2030. This forecast underscores the potential for continued growth in AWS's business.
Amazon operates the largest cloud computing platform, providing services to a diverse range of clients. Recently, the company made a deal with OpenAI, allowing AWS customers to access OpenAI's AI models for the first time.
In terms of its retail business, Amazon is investing heavily in automation technology. The company has already deployed its one millionth robot, a testament to its commitment to automation. It is projected that Amazon's giant fulfillment centers will soon have more machines than people, indicating the company's focus on efficiency and productivity.
Improvements in AI are expected to make robots more capable, potentially leading to a decline in Amazon's labor costs over time. This development could further boost the company's profitability in the coming years.
The volume of Amazon's stock is currently 947,040, with an average volume of 41,503,537. The 52-week range for Amazon's stock is $161.38 - $242.52, and the day's range is $228.16 - $231.79.
In the smartphone, telecommunications, computer, and consumer electronics sectors, TSMC, a major supplier of semiconductors, reported significant revenues from AI chip sales in 2021 and 2022. TSMC also expanded capacity for automotive chips, indicating a growing role of the automotive industry in their sales.
Given the expected growth of both its cloud computing and online retail businesses, Amazon's stock is a smart investment today for those seeking to capitalise on the company's continued success.
