E-commerce giant Amazon (Nasdaq: AMZN) is one of the largest companies and is the world’s biggest cloud computing service provider. It has a market cap of $1.92 trillion and is a heavily diversified business that has grown by leaps and bounds in the past decade. The company is investing heavily in artificial intelligence and has invested $4 billion in Anthropic, an AI safety and research company.
It intends to spend about $100 billion on capital expenditure this year and keep expanding its offerings. While Amazon has become a leader, there’s one AI stock that can eclipse Amazon in the next five years.
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