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"Cathie Wood Doubles Down on Amazon Amid Volatility, Sees Potential in AI and Cloud Growth"
Cathie Wood, the CEO of Ark Invest, has made substantial purchases of Amazon shares, indicating renewed confidence in the tech giant. Amazon has been a staple in Ark Invest's portfolio for years, but recent purchases suggest a shift in focus. Wood's firm acquired nearly 225,000 shares across five of its six ETFs, including the ARK Innovation ETF, ARK Next Generation Internet ETF, ARK Autonomous Technology & Robotics ETF, ARK Fintech Innovation ETF, and ARK Space Exploration & Innovation ETF.
Amazon's recent stock price is around $166 per share, a significant drop from its all-time high of $201.20. Despite this correction, Amazon's shares are still up over 9% year-to-date. The company's pivot towards artificial intelligence (AI) has caught Wood's attention, with Amazon's AI segment experiencing "dramatic" growth and boasting a multibillion-dollar annual run rate. This innovation is translating into tangible benefits for Amazon Services (AWS) customers, with AWS offering more machine learning and generative features than its major cloud provider competitors combined.
Amazon's recent earnings report showed a weaker-than-expected revenue rise and lower sales guidance, leading to a stock price decline. However, the company's earnings per share more than doubled, exceeding Wall Street profit targets. Amazon's partnership with TikTok to facilitate influencer promotions on the platform also contributed to its recent recovery.
Despite Cathie Wood's confidence in Amazon, analysts at Motley Fool do not recommend it as one of the top 10 stocks to buy now. Instead, they suggest other stocks that could deliver exceptional returns in the coming years.
Amazon's recent stock price is around $166 per share, a significant drop from its all-time high of $201.20. Despite this correction, Amazon's shares are still up over 9% year-to-date. The company's pivot towards artificial intelligence (AI) has caught Wood's attention, with Amazon's AI segment experiencing "dramatic" growth and boasting a multibillion-dollar annual run rate. This innovation is translating into tangible benefits for Amazon Services (AWS) customers, with AWS offering more machine learning and generative features than its major cloud provider competitors combined.
Amazon's recent earnings report showed a weaker-than-expected revenue rise and lower sales guidance, leading to a stock price decline. However, the company's earnings per share more than doubled, exceeding Wall Street profit targets. Amazon's partnership with TikTok to facilitate influencer promotions on the platform also contributed to its recent recovery.
Despite Cathie Wood's confidence in Amazon, analysts at Motley Fool do not recommend it as one of the top 10 stocks to buy now. Instead, they suggest other stocks that could deliver exceptional returns in the coming years.
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By Quiet. PleaseCathie Wood, the CEO of Ark Invest, has made substantial purchases of Amazon shares, indicating renewed confidence in the tech giant. Amazon has been a staple in Ark Invest's portfolio for years, but recent purchases suggest a shift in focus. Wood's firm acquired nearly 225,000 shares across five of its six ETFs, including the ARK Innovation ETF, ARK Next Generation Internet ETF, ARK Autonomous Technology & Robotics ETF, ARK Fintech Innovation ETF, and ARK Space Exploration & Innovation ETF.
Amazon's recent stock price is around $166 per share, a significant drop from its all-time high of $201.20. Despite this correction, Amazon's shares are still up over 9% year-to-date. The company's pivot towards artificial intelligence (AI) has caught Wood's attention, with Amazon's AI segment experiencing "dramatic" growth and boasting a multibillion-dollar annual run rate. This innovation is translating into tangible benefits for Amazon Services (AWS) customers, with AWS offering more machine learning and generative features than its major cloud provider competitors combined.
Amazon's recent earnings report showed a weaker-than-expected revenue rise and lower sales guidance, leading to a stock price decline. However, the company's earnings per share more than doubled, exceeding Wall Street profit targets. Amazon's partnership with TikTok to facilitate influencer promotions on the platform also contributed to its recent recovery.
Despite Cathie Wood's confidence in Amazon, analysts at Motley Fool do not recommend it as one of the top 10 stocks to buy now. Instead, they suggest other stocks that could deliver exceptional returns in the coming years.
Amazon's recent stock price is around $166 per share, a significant drop from its all-time high of $201.20. Despite this correction, Amazon's shares are still up over 9% year-to-date. The company's pivot towards artificial intelligence (AI) has caught Wood's attention, with Amazon's AI segment experiencing "dramatic" growth and boasting a multibillion-dollar annual run rate. This innovation is translating into tangible benefits for Amazon Services (AWS) customers, with AWS offering more machine learning and generative features than its major cloud provider competitors combined.
Amazon's recent earnings report showed a weaker-than-expected revenue rise and lower sales guidance, leading to a stock price decline. However, the company's earnings per share more than doubled, exceeding Wall Street profit targets. Amazon's partnership with TikTok to facilitate influencer promotions on the platform also contributed to its recent recovery.
Despite Cathie Wood's confidence in Amazon, analysts at Motley Fool do not recommend it as one of the top 10 stocks to buy now. Instead, they suggest other stocks that could deliver exceptional returns in the coming years.