Amazon.com, Inc. (NASDAQ:AMZN) is among the best stocks to buy now according to AI. On Monday, it was revealed that Arm Holdings has hired Rami Sinno, artificial intelligence chip director at Amazon.com, Inc. (NASDAQ:AMZN), in an effort to develop its own complete chips.
Up to this point, Arm has not developed its own chips; rather, it merely designs the core architecture and instruction set for processors that big names like Apple and Nvidia utilize in their chips. Sinno, who was responsible for developing the company’s two homegrown AI chips, Trainium and Inferentia, had a direct role in helping Amazon.com, Inc. (NASDAQ:AMZN) build and run large AI applications.
A customer entering an internet retail store, illustrating the convenience of online shopping.
Just recently, Amazon.com, Inc. (NASDAQ:AMZN) achieved what seemed impossible by expanding into same-day fresh grocery delivery, tapping a $940 billion US grocery market. With vast logistics, data analytics, and a $4 billion infrastructure investment, it is no doubt that Amazon.com, Inc. (NASDAQ:AMZN) is a leader in the market.
Amazon.com, Inc. (NASDAQ:AMZN) is a Washington-based company that offers consumer products, advertising, and subscription services through both online and physical stores. Founded in 1994, the company is committed to becoming the world’s most customer-focused company.
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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