Amazon.com (AMZN) Reaches a Deal to buy Bee, Highlights Reuters

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Best Stocks to Buy According to Brasada Capital Management. The company has reached a deal to buy San Francisco-based Bee, highlighted Reuters on July 23. Bee is a startup that is engaged in making an AI-enabled bracelet to listen in on and transcribe conversations. Reuters also noted that Bee’s $50 wristband is capable of analyzing and distilling what it records to make summaries, to-do lists, or other tasks.

Reuters, while quoting a spokesperson, mentioned that Amazon.com, Inc. (NASDAQ:AMZN) will work with Bee to provide users more control over the devices, which are set to automatically transcribe audio and can be muted. In Q1 2025, the operating income of AWS was $11.5 billion, which reflects the continued growth, along with its focus on fueling efficiencies throughout the business. Amazon.com, Inc. (NASDAQ:AMZN) has also announced plans to launch an AWS infrastructure Region in Chile by 2026 end. Amazon.com, Inc. (NASDAQ:AMZN) plans to invest over $4 billion in Chile to help with the construction, connection, operation, and maintenance of its data centers in the country.

Investment management company Vulcan Value Partners recently released its Q2 2025 investor letter. Here is what the fund said:

“Amazon.com, Inc. (NASDAQ:AMZN) is a dominant, world-class company with powerful secular tailwinds in place including its e-commerce penetration, digital advertising growth, and the transition to the cloud. Amazon reported strong results during the f irst quarter. The company’s stock rebounded during the second quarter.”

While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.