"Of course, AI bubble fears have many investors panicked at a time like this. And while the latest wave of selling could precede a vicious correction that mirrors the events that unfolded way back in 2000, I do think that there will be a handful of winners and losers once the market "corrects" itself. Undoubtedly, Jeff Bezos' Amazon navigated the dot-com bubble bust, taking a massive hit to the chin, only to rise out to eventually become one of the largest companies on earth."
"Today, Amazon is a $2.4 trillion titan that's dominated e-commerce, the public cloud, and, perhaps sooner rather than later, robotics, logistics automation, generative AI, and even robotaxis, with Zoox reportedly kicking off its rollout in the city of San Francisco with free rides. Undoubtedly, Amazon has been a profound disruptor over the years, and it's one of the last names I'd dare bet against, even if an AI bubble were to grow more obvious."
Jeff Bezos has founded Project Prometheus and will serve as one of its CEOs. The new startup signals renewed personal investment in artificial intelligence development. Market participants fear an AI bubble and some investors have panicked amid recent selling. Historical precedent shows that dominant technology companies can survive major corrections and emerge stronger. Amazon currently generates leading positions in e-commerce, cloud computing, robotics, logistics automation, generative AI initiatives, and autonomous vehicles. Amazon’s partnerships, including work with Anthropic and enhancements to Alexa, strengthen its enterprise AI capabilities. The near-to-medium-term trajectory of AI-related stocks may be bumpy, but specific large firms could be long-term winners.
Read at 24/7 Wall St.
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