1 Cathie Wood and Warren Buffett Artificial Intelligence (AI) Stock to Buy Before It Surges 28%, According to 1 Wall Street Analyst
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 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.
Source Fool.com