Jun 11, 2024
Hot Stocks 🔥

Amazon Minority Stakeholder in AI Startup | Nemo

Name of opportunity: 👀

Amazon.com Inc

Amazon invests in Anthropic: 💸

Amazon holds a minority stake in AI startup Anthropic, which Alphabet and Salesforce have both also invested large sums in. Anthropic’s AI chatbot Claude has actually outperformed OpenAI’s ChatGPT on several benchmarks, including mathematics, reasoning, coding and general knowledge tasks. As a result of Amazon’s investment, Anthropic has agreed to use Amazon Web Services as its cloud provider, as well as using Amazon’s AI chips and helping to further develop the chip technology in the future. The chips will be used in a range of Amazon projects and products including Alexa - the virtual assistant that voices Echo devices - which will benefit from enhanced AI. 

How hot is this investment opportunity? 🔥🔥🔥🔥

Amazon is up 27.58% over the last 6 months, and up 3.33% in the last week. The subsidiary Amazon Web Services has been highlighted by analysts as a real asset for the holding company - AWS provides cloud computing services, offering over 200 products in fields including web development, data analytics, systems management and more. Analysts think that Amazon Web Services could become a leader in cloud computing, and the recent investment in Anthropic is another positive indication of this. Amazon has also recently partnered with chipmaker Nvidia. 

Analysts are currently predicting that the price of Amazon.com Inc. will increase from $186.00 to $224.04 in the next 12 months. If you invested $1000, you might profit $203.09. In addition to its development and growth in the cloud computing industry, Amazon continues to be the dominant force in its original field, ecommerce. Analysts feel confident in Amazon’s (and its subsidiaries’) ability to remain competitive and profitable. 

Ecommerce giant: 📪

Amazon is most famous for its offering as an ecommerce company, founded in 1994 by Jeff Bezos. It originally sold books online but soon expanded as a marketplace where hundreds of product categories are available, from food and drink to electronics. Its subsidiaries now include a self-driving car division (Zoox), a satellite internet provider (Kuiper Systems), the streaming website Twitch, the movie website IMDb, and retailer Whole Foods Market. Amazon also produces consumer electronics such as Echo smart speakers and Kindle e-readers. 

Which neme?: 🔍

‘Largest US Stocks’, ‘Gaming’, ‘Big Tech’, ‘Top Stocks for Beginners’, ‘Top Stocks in AI’, ‘High Growth Stocks’, ‘Incredibly Profitable Stocks’, ‘Copy a $10Trn Asset Manager’ 

Download Nemo to check out Amazon - or fellow Anthropic investors Salesforce and Alphabet

Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.