Even though we're back to a bull market, the S&P 500 has lost some of its year-to-date gains recently. It's up 5% for the year so far, but the Federal Reserve continues to push off its interest rate cuts, signaling that the economy is still facing challenges.

But there's been lots of good news for investors, too. Amazon (NASDAQ: AMZN) released its 2024 first-quarter results last week, and they packed a punch. All of Amazon's businesses are moving in the right direction, but there was specific focus on what generative artificial intelligence (AI) is bringing to the table right now. Is Amazon the best AI stock to buy right now? Consider what CEO Andy Jassy said on the earnings call.

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Source Fool.com