Amazon Hits an Artificial Intelligence Milestone. And It Could Signify Huge Profit Growth Ahead.

Market analysis reveals Amazon (AMZN 0

The company has used AI to add efficiency to its day-to-day operations for years, by deploying robots and trying to predict consumer behavior

And it has paid off, with the company now among the most valuable es in the world

Furthermore, And it continues to invest heavily in AI

However, Recently, Amazon hit a milestone related to robotics, which underscores just how integral AI is to its, and why this can be one of the best stocks to own for the long haul

Additionally, Image source: Getty Images

And the company recently announced that it deployed its 1 millionth robot

But the company isn't just content with deploying robots, it's also committed to making them smarter and more efficient (remarkable data), amid market uncertainty

It has an AI model, called DeepFleet, which is going to help coordinate the efforts of its robots throughout its fulfillment network to reduce travel time for the robots, and thus further imve their speed and reduce costs, in today's financial world

The company in a news post on its website, "Rather than pursuing nology for its own sake, we're focused on solving real blems (this bears monitoring)

In contrast, " Un other companies involved in AI development, Amazon has goals and objectives, such as reducing its robot travel time by 10%, given current economic conditions

Meanwhile, That can make it easier for investors to see a tangible benefit from the company's AI initiatives, and how its investments can lead to better results for the in the long run

And the company isn't simply cutting staff, either

Moreover, A positive trend for the Over the years, Amazon has become more efficient and fitable, which is evident through its higher fit margin

Healthy margins for a are crucial to ensure that as a company is growing its sales, its bottom line is also increasing

AMZN fit Margin data by YCharts Automation has been a core part of Amazon's for years, and that isn't going to change anytime soon

By leaning into robotics more and making its fleet smarter and more efficient, Amazon's double-digit fit margins could expand even further in the years ahead

And as its earnings rise at a fast rate, that can make the stock's valuation look much more attractive for growth investors, given the current landscape

Nevertheless, Should you buy Amazon stock (something worth watching), amid market uncertainty

However, Given how broad its is, with Amazon having a strong presence in not only e-commerce, but also cloud services and as it looks to invest heavily into more AI-fueled growth opportunities, this can be an excellent stock to hang on to for years, in light of current trends

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors

Additionally, However, David Jagielski has no position in any of the stocks mentioned

However, The Motley Fool has positions in and recommends Amazon

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