GOOGL - Better AI Stock: Amazon vs. Alphabet
2024-05-07 09:45:00 ET
As some of the world's most valuable companies, Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) have long histories of providing investors with significant and consistent gains. Their shares are up 1,000% and 516% respectively over the past decade -- and the companies still have promising prospects as they expand their reach.
The shares look like particularly attractive options for anyone aiming to invest in artificial intelligence (AI). Demand for AI services has skyrocketed over the last year, with Amazon and Alphabet well-equipped to meet demand with their respective cloud platforms. These tech giants are investing heavily in the budding AI market, and could see significant gains as the sector develops.
So let's compare these companies' businesses and determine whether Amazon or Alphabet is the better AI stock right now.
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Better AI Stock: Amazon vs. Alphabet