Key Points
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Amazon’s cloud computing services are seeing monstrous growth.
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At the same time, Amazon’s stock valuation isn’t terribly expensive.
Amazon (NASDAQ: AMZN) isn’t what you think of when you think of artificial intelligence (AI) infrastructure. Most people associate Amazon with its commerce site and delivery services, which is a fair assessment. This part of the business generates the majority of Amazon’s revenue.
However, Amazon’s cloud computing business, Amazon Web Services (AWS), generates most of the profits. This makes Amazon a bit of an under-the-radar AI infrastructure play, and the stock looks primed to skyrocket over the next few months as more people realize how impressive this segment of Amazon’s business is.
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Although Amazon has rallied in recent…
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