Amazon Wants to Teach Its Cloud Customers About AI, and It's Yet Another Reason to Buy the Stock
Amazon (NASDAQ: AMZN) has dropped out of the spotlight this year as its big tech peers, and Google parent Alphabet, fight an intense battle over artificial intelligence (AI).
Microsoft recently acquired a large stake in OpenAI, and it has integrated the ChatGPT chatbot into its Bing search engine and Azure cloud platform. Google has fired back with a chatbot of its own, called Bard.
But investors shouldn't ignore Amazon as a major player in this emerging industry, because Amazon Web Services (AWS) is the world's largest cloud platform, and the cloud is where most AI applications are developed and deployed.
Source Fool.com
Microsoft Corp. Stock
€394.30
0.680%
With 106 Buy predictions and 1 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 420 € shows a slightly positive potential of 6.52% compared to the current price of 394.3 € for Microsoft Corp..
