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Could Amazon Be an Excellent AI Stock to Buy?

Amazon has been investing in artificial intelligence for over two decades.

By Parkev Tatevosian, CFA – Updated May 4, 2023 at 5:03PM EST

Amazon (AMZN +0.55%) has the potential to reduce costs tremendously by utilizing artificial intelligence more broadly. Fool.com contributor and finance professor Parkev Tatevosian discusses how Amazon could become an excellent AI stock for the future.

*Stock prices used were the afternoon prices of April 30, 2023. The video was published on May 2, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Amazon Stock Quote
Amazon
NASDAQ: AMZN
$272.66
(+0.55%)+$1.49

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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