Artificial intelligence (AI) might just be the hottest-ticket item in the stock market right now. Euphoria surrounding the technology sent the Nasdaq Composite soaring over 40% last year. Moreover, megacap tech enterprises such as the "Magnificent Seven" have contributed greatly to the S 500's new record highs.

Among the Magnificent Seven stocks, and Nvidia often find themselves at the center of media coverage -- and for good reason. Microsoft is a major investor in ChatGPT developer OpenAI. Meanwhile, demand for Nvidia's graphics processing units (GPUs) is unprecedented as applications in quantum computing and machine learning skyrocket.

One company that I see as overlooked is e-commerce and cloud computing specialist Amazon (NASDAQ: AMZN). The company has made some interesting investments in AI. But slowing growth in its cloud segment coupled with a strained macroeconomy have some investors wary of the company's prospects.

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Source Fool.com