Among Amazon.com, Inc. (NASDAQ:AMZN)’s positive drivers are its huge e-commerce supply chain and the strong demand for its cloud-storage offerings, longtime investor Kari Firestone recently stated on CNBC.
Firestone is the co-founder and Chair Emerita of Aureus Asset Management.
Amazon.com, Inc. (NASDAQ:AMZN)’s E-Commerce Unit Has Multiple Strengths, Firestone Says
The business has “suppliers everywhere,” along with “the best prices” and “the best delivery system,” Firestone said.
Further, its overall network is “enormous,” she said.
AWS and Firestone’s Bottom Line on Amazon.com, Inc. (NASDAQ:AMZN).
AWS, AMZN’s cloud-infrastructure unit, is benefiting from increased demand for cloud storage amid the AI Revolution, Firestone reported.
Although Amazon.com (NASDAQ:AMZN) was 20% above its recent lows, it was also 15% below its all-time high, Firestone noted.
As a result, she expects the stock to advance.
The Recent Price Action of AMZN
In the last month, the shares have climbed 9%, while they are down 9% in the last three months.
While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: The author owns shares of AMZN but has no intention of trading them in the next 48 hours. This article is originally published at Insider Monkey.
