AMZN - 1 Cathie Wood and Warren Buffett Artificial Intelligence (AI) Stock to Buy Before It Surges 28% According to 1 Wall Street Analyst
2024-06-28 09:29:00 ET
Artificial intelligence (AI) is dominating the technology sector right now, and one company that stands to benefit greatly is e-commerce and cloud computing leader Amazon (NASDAQ: AMZN) . Roughly halfway into 2024, shares of Amazon have soared by 23% -- handily topping the 15% year-to-date gain of the S&P 500 and the 19% rise of the Nasdaq Composite .
Yet even in the wake of this strong performance, Doug Anmuth of JP Morgan Chase thinks Amazon stock could rocket by another 28% over the next 12 months.
Two of the most closely followed institutional investors are Berkshire Hathaway CEO Warren Buffett and Ark Invest CEO Cathie Wood .
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1 Cathie Wood and Warren Buffett Artificial Intelligence (AI) Stock to Buy Before It Surges 28%, According to 1 Wall Street Analyst