AmazonNASDAQ: AMZN

JPMorgan analyst Doug Anmuth predicts significant growth in online sales during this holiday season and highlights Amazon.com Inc. AMZN as the company's top choice for taking advantage of this trend.

Amazon is looking to invest in both Hims & Hers and Temu. Could this be a great chance to purchase their stock?

Amazon's earnings for the third quarter were better than expected, thanks to strong international e-commerce growth and careful management of expenses. The company's price-to-earnings ratio is among the lowest it has been in three years, making it more appealing due to its profitability. Additionally, major investments in AI and infrastructure may lead to growth that surpasses market forecasts.

This year, business investment in generative AI increased by 500%, reaching $13.8 billion, compared to only $2.3 billion in 2023, as reported by Menlo Ventures on Wednesday. The report also noted that OpenAI's share of the enterprise AI market dropped from 50% to 34%.

The market seems quite pricey, so we've decreased our investments and increased our cash reserves for strategic use. Amazon's third-quarter results were impressive, with earnings per share of $1.43 and revenues around $159 billion, demonstrating strong performance. By selling AMZN put options, we can earn an annualized cash yield of 8.8% and have the chance to purchase shares at an 11% discount.

During his farewell trip to Peru and Brazil this week, President Joe Biden seemed to disappear into the Amazon rainforest as the prospect of President-elect Donald Trump's comeback becomes more evident. To learn about the connections between finance and politics in the US capital, subscribe to the Washington Edition newsletter: https://bloom.bg/3KkEimO -------- For more updates, check out Bloomberg Television and Markets. If you enjoyed this video, please let us know!

Amazon has experienced several delays in releasing a new AI-driven version of Alexa. Working with partners such as Uber and Ticketmaster has made it harder to solve problems.

Amazon announced that it plans to keep its merchant fulfillment and referral fees the same for next year. In a message to sellers released on November 19, the company explained that, even with rising inflation and increased spending on employee wages and benefits, it has been able to lower costs by improving efficiency and innovation.

AI is predicted to significantly affect the global economy, with a recent IDC estimate suggesting it could reach a total impact of $20 trillion by 2030. Creating larger AI models demands a lot of computing power, which only major tech companies can afford. These big companies are already seeing substantial profits from AI, with three out of four reporting revenues in the billions.