Warren Buffett vs. Cathie Wood: This stock brings together the investment experts - and reveals great AI opportunities at Amazon.
According to a report by www.finanzen.net, Warren Buffett and Cathie Wood have different investment strategies, but both own Amazon shares. Although Amazon is not Berkshire Hathaway's artificial intelligence (AI) focus to date, and its position in the portfolio is rather small, there are signs that the company could benefit greatly from the possibilities of AI in the future. Amazon Web Services (AWS) is one of the largest cloud providers and plans to optimize its cloud services for AI. This could lead to massive profitability as, according to Amazon CEO Andy Jassy, global IT spending turns in favor of...

Warren Buffett vs. Cathie Wood: This stock brings together the investment experts - and reveals great AI opportunities at Amazon.
According to a report by www.finanzen.net,
Warren Buffett and Cathie Wood have different investment strategies, but both own Amazon stock. Although Amazon is not Berkshire Hathaway's artificial intelligence (AI) focus to date, and its position in the portfolio is rather small, there are signs that the company could benefit greatly from the possibilities of AI in the future. Amazon Web Services (AWS) is one of the largest cloud providers and plans to optimize its cloud services for AI. This could lead to massive profitability as, according to Amazon CEO Andy Jassy, global IT spending could shift in favor of the cloud over the next 10 to 15 years, particularly with the increasing integration of AI.
Aside from the cloud business, Amazon also wants to get involved in AI by investing in AI companies, expanding partnerships and developing its own AI chip. If Amazon is successful in this area, it could lead to both Warren Buffett and Cathie Wood further increasing their positions in Amazon. Overall, everything suggests that Amazon has a promising future in artificial intelligence and is attractive to both value and growth investors.
Read the source article at www.finanzen.net