2024-07-10 07:15:00 ET
Amazon (NASDAQ: AMZN) is one of the latest additions to the $2 trillion valuation club. This exclusive group comprises only five companies, but these also happen to be some of the most dominant businesses on the globe.
While many in this group have strong investment cases, I believe Amazon's case is just as good, if not better, than the rest. I've got three fantastic reasons why Amazon is a strong buy now and investors should consider adding its shares to their portfolios.
Unless you've lived under a rock, you've probably heard all about artificial intelligence (AI). A key part of AI is the computing infrastructure on which these models are run. Most companies don't want to spend the money to build their own servers, so they rent computing power from cloud computing providers like Amazon Web Services (AWS).
For further details see:
3 Brilliant Reasons to Buy Amazon Stock Right Now