1 Artificial Intelligence (AI) Growth Stock Is a Must-Buy for Most Investors, According to This Wall Street Analyst
The generative artificial intelligence (AI) market could increase by 42% annually to reach $280 billion by 2033, according to Bloomberg Intelligence. One prudent way to capitalize on that tailwind is to buy and hold a basket of AI stocks. Argus analyst Jim Kelleher recently argued that Amazon (NASDAQ: AMZN) is an AI stock that "warrants long-term accumulation in most equity accounts."
Here's why investors should run with that advice.
Amazon struggled through the economic doldrums of the last few years, seldom giving shareholders cause to celebrate. But the company regained some momentum in the second quarter. Revenue rose 11% to $134 billion, an acceleration from 7% growth in the prior year, and cash from operations soared 84% to $16.5 billion.
Source Fool.com
