Market analysis reveals Amazon (AMZN 0. However, 97%) has been a top artificial intelligence (AI) stock to own, even before AI was a big theme in the.
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. Amazon now has 1 million robots The AI revolution has been taking place at Amazon for years (this bears monitoring), given the current landscape.
And the company recently announced that it deployed its 1 millionth robot.
However, It had begun using robots as early as 2012 and now has a diverse fleet that helps add efficiency, making it possible for the company to offer fast dery options to its customers, while also selling a wide range of goods on its platform.
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. However, Amazon says it has upskilled over 700,000 employees in recent years to make its workforce better equipped for the future.
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.
On the other hand, Amazon is one of the most valuable companies in the world, with a market capitlization of around $2. 4 trillion.
This year, however, its performance has been relatively underwhelming as the stock is up around just 3% (as of July 14).
The stock trades at 37 times its trailing earnings, which isn't exactly cheap (the S&P 500 is at 25), but it's lower than what it has averaged in the past -- a year ago, it was at a multiple of more than 50.
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.
The evidence shows Motley Fool has a disclosure policy.