Everyone wants a piece of the artificial intelligence (AI) market. Since ChatGPT’s release, AI has grabbed countless headlines on Wall Street and helped many companies rise in prominence. There are many options for investors looking to cash in, and no doubt many already have.
But which AI stock is the best of the bunch? The answer will depend on each investor’s preferences and risk tolerance. My pick is Amazon (NASDAQ: AMZN). Here’s why.
Many investors looking to profit from AI would gravitate toward Nvidia. That’s not a bad choice, but Amazon, which offers a suite of AI-related services through its cloud segment, Amazon Web Services (AWS), has an advantage: diversification. Nvidia’s incredible performance in the past two years has been due to AI. If the field stops growing as quickly or the chipmaker encounters some other AI-related issue, its shares will almost certainly fall off a cliff.
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Source Fool.com
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