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Mark R. Hake, CFA

Has Amazon Stock Peaked? - Not if You Believe Its CEO Who Says Amazon Is Focused on AI

Amazon Andy Jassy Amazon.com Inc. CNBC

Amazon (AMZN) stock may not have peaked if you believe Andy Jassy, Amazon's CEO in a recent interview with CNBC. He believes its artificial intelligence (AI) chips give it an advantage over competitors, such as Microsoft (MSFT) and Alphabet (GOOG, GOOGL). 

AMZN stock today, July 7, is at $128.36 per share before market trading begins. In the last month, it is up just 1.9% or so and some fear that it may have peaked.

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