Should You Buy Amazon After Its Deal With OpenAI?

You may think of Amazon (NASDAQ: AMZN) primarily as an e-commerce giant -- and it is -- but the company also has become a major player in artificial intelligence (AI) in recent years. And just this week, it scored a new win that reinforces its position in this high-growth market.OpenAI, the owner of chatbot ChatGPT, inked a $38 billion deal with Amazon's cloud business for access to high-powered compute. This is significant because it's the first direct contract between OpenAI and Amazon -- and OpenAI is considered one of the leaders in the development of AI.Investors clearly liked this news as Amazon's shares rose in Monday's trading session and closed at a record high. Now the question is: Should you buy Amazon after its deal with the top AI research lab? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool