Latest news with #Luria
Time of India
a day ago
- Business
- Time of India
What if Google Just Broke Itself Up? A Tech Insider Makes the Case.
HighlightsGoogle has faced significant challenges with two major antitrust cases in the past year, leading to a decline in its stock value and pressure from federal prosecutors to divest key business units. Technology analyst Gil Luria proposes that Google should consider a voluntary breakup into independent entities to unlock shareholder value and stimulate competition, arguing that the combined value of Google's various segments could exceed $3.7 trillion. The historical context of corporate breakups is highlighted, referencing the successful voluntary breakup of AT&T in the 1980s as a precedent, while noting that Google's unusual share structure could complicate any significant changes without the approval of co-founders Larry Page and Sergey Brin. Google has lost two important antitrust cases in the past year. Its search business is threatened and its stock is stalled. Federal prosecutors are pushing for it to divest various businesses. Unless the company can pull off a few miracles in court, it will be forced to shrink. There's another possibility. Instead of resisting change, Google could accelerate it. It could spin off huge chunks of itself into independent entities. That would be a very Silicon Valley power move: Break yourself up before courts can break you up. In an era when Big Tech is under suspicion, a maneuver like this would probably be applauded across the political spectrum. For a company that used to have the motto "Don't be evil," such redemption might be irresistible. The Department of Justice wants Google to sell its Chrome browser and its ad network, and maybe its Android mobile business, to fix its monopoly problems. But Gil Luria , a technology analyst with D.A. Davidson & Co., an investment firm based in Montana with $6 billion under management, is thinking bigger. Much bigger. He published a research note May 12 saying Google had become a conglomerate. This was not a compliment. He meant that Google offers an array of products and services that often have little relationship to one another, including the Waymo self-driving taxi service, YouTube, a cloud storage business, a search firm and an ad network. Google's $2 trillion stock market valuation is driven by search advertising, which generates more than half of its revenues. Search is also the part of the company under the most pressure as artificial intelligence begins to answer queries. Google searches in Apple's Safari browser fell for the first time ever in April. That's one big reason Google shares are down more than 9% this year. Other parts of Google are not getting their due. If Waymo were publicly traded, Luria argued, investors might give it something closer to Tesla's $1 trillion valuation, especially since Tesla's self-driving cab ambitions are little more than a concept at this point. The same goes for YouTube when compared with its rival Netflix, a Wall Street darling. Luria estimated that all the parts of Google could separately be worth more than $3.7 trillion, or nearly double the company's valuation now. "Investors want a big-bang breakup, not isolated spinoffs," he wrote. The benefits would not just be financial, he said. Competition would be stoked. Unleashed engineers might create things as amazing as the original Google search engine, which awed people who first used it a quarter-century ago. Luria knows his proposal is a long shot. "The likelihood of the Google board proceeding in this direction is probably less than 10%," he said in an interview. "But it goes up every day." The analyst's analysis got a fair amount of traction in the financial press. The moment was right: Google was arguing to Judge Amit Mehta of U.S. District Court in Washington that its punishment for illegally monopolizing online search should be relatively light. The government and Google met in court again Friday for closing arguments in the penalty phase of the trial. A decision by Mehta might come this summer. Google has said it will then appeal. Barring some sort of wild card from President Donald Trump, the process could slog on for years. Google's troubles were compounded by a second antitrust trial. That one, over Google's advertising technology, resulted in another decision against the company in April. The penalty phase will take place later this year. Google is likely to appeal that case, too. Other asset managers say the logic of a breakup is clear to them. "While breakups often promise to unlock shareholder value in theory but fail in practice, this case appears to be an exception, one where real value could be realized," said Gene Munster, managing partner at Deepwater Asset Management. There is a precedent here. In the early 1980s, the national phone company, AT&T, had been fighting off the Justice Department for years. Worried that it would lose the case, AT&T agreed to voluntarily break itself up. It kept the long-distance lines and shed the seven regional companies that offered local calling. For the next decade, at least, competition reigned. Google declined to comment directly on Luria's arguments. A spokesperson pointed to a blog post that said the Justice Department's "proposal to split off Chrome and Android -- which we built at great cost over many years and make available for free -- would break those platforms, hurt businesses built on them, and undermine security." It also sent a list of ways it is still innovating. Among them: Nielsen has ranked YouTube the No. 1 streaming platform for the last two years. Adam Kovacevich, CEO of Chamber of Progress, a trade group funded by Google and other tech companies, said Google needed to be big and think big. "It's a company the size of a cruise ship," he said. "Could it split itself into four yacht-sized companies? Sure. But what would be gained? Google is locked in an intense competition against the other cruise ships -- Apple, Meta, Amazon. And there are some opportunities only a cruise-ship-sized company can tackle, like AI." (BEGIN OPTIONAL TRIM.) If a split encourages competition, proponents argue, that will benefit Google's ad customers, who will see lower prices. Employees might be more challenged working for a smaller company, where it is easier to move higher. "The breakup of Google would only hurt people who would otherwise benefit from unlawful market power," said Barry Barnett, an antitrust lawyer at Susman Godfrey . "These might include Google executives, whose compensation could fall; startups, which could get lower buyout offers from Google or none at all; and rivals like Apple, which could see chances to share revenue vanish." Google pays Apple $20 billion annually to be the default search engine on the Safari browser. Looming over any discussion of a voluntary breakup is the weight of history. Beyond AT&T, there are few examples of a successful company willing to pull itself apart. Companies that are in permanent slumps have regularly done it, however. General Electric, whose roots go back to Thomas Edison in 1892 and which was once as iconic as Google, split itself into three companies last year after skittering close to death. Hewlett-Packard, another iconic company suffering a long-term decline, broke itself in two in 2015. Microsoft, an earlier antitrust target, is often cited as a company that may have benefited from either an imposed or voluntary breakup. The government won its monopoly case against the company in 2000, and the judge ordered it to divide in two. That decision was reversed on appeal, and the parties settled. Microsoft took a confrontational approach to the case from the beginning, and in the end, it paid off. Google is taking the path now that Microsoft went down 25 years ago, Luria said. "It's saying, 'We are not breaking up, and we'll fight you tooth and nail in court,'" he said. "Microsoft might have won, but the stock was flat for 10 years. They were so focused on fighting the Department of Justice they didn't notice the rise of mobile devices or cloud computing." After the government sued Microsoft, David Readerman of Endurance Capital Partners said, "litigation was a major distraction to Microsoft business unit heads: email retrieval, depositions, et al. There were Xerox document copying centers fenced under the buildings for security reasons." Microsoft did not recover its momentum until Satya Nadella became CEO in 2014. Google's competitors would presumably be happy with smaller Googles, although maybe not. IBM had a dominant position in computing for years, if not decades, probably even greater than that of Google now. The government pursued an antitrust case against it starting in the late 1960s. Some in the industry thought this was a problematic move. Dick Brandon of Brandon Applied Systems, a computer consulting firm, told The New York Times in 1972 that "I would prefer to compete against one I.B.M. than two, three, four, or even eight similarly managed competitors without the present gloves that have been tied on in fear of antitrust action." (END OPTIONAL TRIM.) Another issue shadowing any talk of a breakup: Owing to Google's unusual share structure, major changes could never be undertaken without the approval of the two founders, Larry Page and Sergey Brin . And founders tend to be emotionally attached to what they have created. But "never say never," said Kovacevich, who worked in public policy at Google for many years. " Larry and Sergey like bold, unconventional moves," he added. "Could they decide at some point this would be beneficial to the company? Sure. Any business leader should keep all options on the table."
The Star
3 days ago
- Business
- The Star
What if Google just broke itself up? A tech insider makes the case.
SAN FRANCISCO: Google has lost two important antitrust cases in the past year. Its search business is threatened and its stock is stalled. Federal prosecutors are pushing for it to divest various businesses. Unless the company can pull off a few miracles in court, it will be forced to shrink. There's another possibility. Instead of resisting change, Google could accelerate it. It could spin off huge chunks of itself into independent entities. That would be a very Silicon Valley power move: Break yourself up before courts can break you up. In an era when Big Tech is under suspicion, a manoeuvre like this would probably be applauded across the political spectrum. For a company that used to have the motto 'Don't be evil,' such redemption might be irresistible. The US Department of Justice wants Google to sell its Chrome browser and ad network, and maybe its Android mobile business, to fix its monopoly problems. But Gil Luria, a technology analyst with D.A. Davidson & Co., an investment firm based in Montana with US$6bil under management, is thinking bigger. Much bigger. He published a research note May 12 saying Google had become a conglomerate. This was not a compliment. He meant that Google offers an array of products and services that often have little relationship to one another, including the Waymo self-driving taxi service, YouTube, a cloud storage business, a search firm and an ad network. Google's US$2 trillion stock market valuation is driven by search advertising, which generates more than half of its revenues. Search is also the part of the company under the most pressure as artificial intelligence begins to answer queries. Google searches in Apple's Safari browser fell for the first time ever in April. That's one big reason Google shares are down more than 9% this year. Other parts of Google are not getting their due. If Waymo were publicly traded, Luria argued, investors might give it something close to Tesla's US$1 trillion valuation, especially since Tesla's self-driving cab ambitions are little more than a concept at this point. The same goes for YouTube when compared with its rival Netflix, a Wall Street darling. Luria estimated that all the parts of Google could separately be worth more than US$3.7 trillion, or nearly double the company's valuation now. 'Investors want a big-bang breakup, not isolated spinoffs,' he wrote. The benefits would not just be financial, he said. Competition would be stoked. Unleashed engineers might create things as amazing as the original Google search engine, which awed people who first used it a quarter-century ago. Luria knows his proposal is a long shot. 'The likelihood of the Google board proceeding in this direction is probably less than 10%,' he said in an interview. 'But it goes up every day.' The analyst's analysis got a fair amount of traction in the financial press. The moment was right: Google was arguing to Judge Amit Mehta of U.S. District Court in Washington that its punishment for illegally monopolizing online search should be relatively light. The government and Google met in court again Friday for closing arguments in the penalty phase of the trial. A decision by Mehta might come this summer. Google has said it will then appeal. Barring some sort of wild card from President Donald Trump, the process could slog on for years. Google's troubles were compounded by a second antitrust trial. That one, over Google's advertising technology, resulted in another decision against the company in April. The penalty phase will take place later this year. Google is likely to appeal that case, too. Other asset managers say the logic of a breakup is clear to them. 'While breakups often promise to unlock shareholder value in theory but fail in practice, this case appears to be an exception, one where real value could be realized,' said Gene Munster, managing partner at Deepwater Asset Management. There is a precedent here. In the early 1980s, the national phone company, AT&T, had been fighting off the Justice Department for years. Worried that it would lose the case, AT&T agreed to voluntarily break itself up. It kept the long-distance lines and shed the seven regional companies that offered local calling. For the next decade, at least, competition reigned. Google declined to comment directly on Luria's arguments. A spokesperson pointed to a blog post that said the Justice Department's 'proposal to split off Chrome and Android – which we built at great cost over many years and make available for free – would break those platforms, hurt businesses built on them, and undermine security.' It also sent a list of ways it is still innovating. Among them: Nielsen has ranked YouTube the No. 1 streaming platform for the last two years. Adam Kovacevich, CEO of Chamber of Progress, a trade group funded by Google and other tech companies, said Google needed to be big and think big. 'It's a company the size of a cruise ship,' he said. 'Could it split itself into four yacht-sized companies? Sure. But what would be gained? Google is locked in an intense competition against the other cruise ships – Apple, Meta, Amazon. And there are some opportunities only a cruise-ship-sized company can tackle, like AI.' If a split encourages competition, proponents argue, that will benefit Google's ad customers, who will see lower prices. Employees might be more challenged working for a smaller company, where it is easier to move higher. 'The breakup of Google would only hurt people who would otherwise benefit from unlawful market power,' said Barry Barnett, an antitrust lawyer at Susman Godfrey. 'These might include Google executives, whose compensation could fall; startups, which could get lower buyout offers from Google or none at all; and rivals like Apple, which could see chances to share revenue vanish.' Google pays Apple US$20bil annually to be the default search engine on the Safari browser. Looming over any discussion of a voluntary breakup is the weight of history. Beyond AT&T, there are few examples of a successful company willing to pull itself apart. Companies that are in permanent slumps have regularly done it, however. General Electric, whose roots go back to Thomas Edison in 1892 and which was once as iconic as Google, split itself into three companies last year after skittering close to death. Hewlett-Packard, another iconic company suffering a long-term decline, broke itself in two in 2015. Microsoft, an earlier antitrust target, is often cited as a company that may have benefited from either an imposed or voluntary breakup. The government won its monopoly case against the company in 2000, and the judge ordered it to divide in two. That decision was reversed on appeal, and the parties settled. Microsoft took a confrontational approach to the case from the beginning, and in the end, it paid off. Google is taking the path now that Microsoft went down 25 years ago, Luria said. 'It's saying, 'We are not breaking up, and we'll fight you tooth and nail in court',' he said. 'Microsoft might have won, but the stock was flat for 10 years. They were so focused on fighting the Department of Justice they didn't notice the rise of mobile devices or cloud computing.' After the government sued Microsoft, David Readerman of Endurance Capital Partners said, 'litigation was a major distraction to Microsoft business unit heads: email retrieval, depositions, et al. There were Xerox document copying centers fenced under the buildings for security reasons.' Microsoft did not recover its momentum until Satya Nadella became CEO in 2014. Google's competitors would presumably be happy with smaller Googles, although maybe not. IBM had a dominant position in computing for years, if not decades, probably even greater than that of Google now. The government pursued an antitrust case against it starting in the late 1960s. Some in the industry thought this was a problematic move. Dick Brandon of Brandon Applied Systems, a computer consulting firm, told The New York Times in 1972 that 'I would prefer to compete against one I.B.M. than two, three, four, or even eight similarly managed competitors without the present gloves that have been tied on in fear of antitrust action.' Another issue shadowing any talk of a breakup: Owing to Google's unusual share structure, major changes could never be undertaken without the approval of the two founders, Larry Page and Sergey Brin. And founders tend to be emotionally attached to what they have created. But 'never say never,' said Kovacevich, who worked in public policy at Google for many years. 'Larry and Sergey like bold, unconventional moves,' he added. 'Could they decide at some point this would be beneficial to the company? Sure. Any business leader should keep all options on the table.' – ©2025 The New York Times Company This article originally appeared in The New York Times.
Indian Express
3 days ago
- Business
- Indian Express
What if Google just broke itself up? A tech insider makes the case
Written by David Streitfeld Google has lost two important antitrust cases in the past year. Its search business is threatened and its stock is stalled. Federal prosecutors are pushing for it to divest various businesses. Unless the company can pull off a few miracles in court, it will be forced to shrink. There's another possibility. Instead of resisting change, Google could accelerate it. It could spin off huge chunks of itself into independent entities. That would be a very Silicon Valley power move: Break yourself up before courts can break you up. In an era when Big Tech is under suspicion, a maneuver like this would probably be applauded across the political spectrum. For a company that used to have the motto 'Don't be evil,' such redemption might be irresistible. The Department of Justice wants Google to sell its Chrome browser and ad network, and maybe its Android mobile business, to fix its monopoly problems. But Gil Luria, a technology analyst with D.A. Davidson & Co., an investment firm based in Montana with $6 billion under management, is thinking bigger. Much bigger. He published a research note May 12 saying Google had become a conglomerate. This was not a compliment. He meant that Google offers an array of products and services that often have little relationship to one another, including the Waymo self-driving taxi service, YouTube, a cloud storage business, a search firm and an ad network. Google's $2 trillion stock market valuation is driven by search advertising, which generates more than half of its revenues. Search is also the part of the company under the most pressure as artificial intelligence begins to answer queries. Google searches in Apple's Safari browser fell for the first time ever in April. That's one big reason Google shares are down more than 9% this year. Other parts of Google are not getting their due. If Waymo were publicly traded, Luria argued, investors might give it something close to Tesla's $1 trillion valuation, especially since Tesla's self-driving cab ambitions are little more than a concept at this point. The same goes for YouTube when compared with its rival Netflix, a Wall Street darling. Luria estimated that all the parts of Google could separately be worth more than $3.7 trillion, or nearly double the company's valuation now. 'Investors want a big-bang breakup, not isolated spinoffs,' he wrote. The benefits would not just be financial, he said. Competition would be stoked. Unleashed engineers might create things as amazing as the original Google search engine, which awed people who first used it a quarter-century ago. Luria knows his proposal is a long shot. 'The likelihood of the Google board proceeding in this direction is probably less than 10%,' he said in an interview. 'But it goes up every day.' The analyst's analysis got a fair amount of traction in the financial press. The moment was right: Google was arguing to Judge Amit Mehta of U.S. District Court in Washington that its punishment for illegally monopolizing online search should be relatively light. The government and Google met in court again Friday for closing arguments in the penalty phase of the trial. A decision by Mehta might come this summer. Google has said it will then appeal. Barring some sort of wild card from President Donald Trump, the process could slog on for years. Google's troubles were compounded by a second antitrust trial. That one, over Google's advertising technology, resulted in another decision against the company in April. The penalty phase will take place later this year. Google is likely to appeal that case, too. Other asset managers say the logic of a breakup is clear to them. 'While breakups often promise to unlock shareholder value in theory but fail in practice, this case appears to be an exception, one where real value could be realized,' said Gene Munster, managing partner at Deepwater Asset Management. There is a precedent here. In the early 1980s, the national phone company, AT&T, had been fighting off the Justice Department for years. Worried that it would lose the case, AT&T agreed to voluntarily break itself up. It kept the long-distance lines and shed the seven regional companies that offered local calling. For the next decade, at least, competition reigned. Google declined to comment directly on Luria's arguments. A spokesperson pointed to a blog post that said the Justice Department's 'proposal to split off Chrome and Android — which we built at great cost over many years and make available for free — would break those platforms, hurt businesses built on them, and undermine security.' It also sent a list of ways it is still innovating. Among them: Nielsen has ranked YouTube the No. 1 streaming platform for the last two years. Adam Kovacevich, CEO of Chamber of Progress, a trade group funded by Google and other tech companies, said Google needed to be big and think big. 'It's a company the size of a cruise ship,' he said. 'Could it split itself into four yacht-sized companies? Sure. But what would be gained? Google is locked in an intense competition against the other cruise ships — Apple, Meta, Amazon. And there are some opportunities only a cruise-ship-sized company can tackle, like AI.' If a split encourages competition, proponents argue, that will benefit Google's ad customers, who will see lower prices. Employees might be more challenged working for a smaller company, where it is easier to move higher. 'The breakup of Google would only hurt people who would otherwise benefit from unlawful market power,' said Barry Barnett, an antitrust lawyer at Susman Godfrey. 'These might include Google executives, whose compensation could fall; startups, which could get lower buyout offers from Google or none at all; and rivals like Apple, which could see chances to share revenue vanish.' Google pays Apple $20 billion annually to be the default search engine on the Safari browser. Looming over any discussion of a voluntary breakup is the weight of history. Beyond AT&T, there are few examples of a successful company willing to pull itself apart. Companies that are in permanent slumps have regularly done it, however. General Electric, whose roots go back to Thomas Edison in 1892 and which was once as iconic as Google, split itself into three companies last year after skittering close to death. Hewlett-Packard, another iconic company suffering a long-term decline, broke itself in two in 2015. Microsoft, an earlier antitrust target, is often cited as a company that may have benefited from either an imposed or voluntary breakup. The government won its monopoly case against the company in 2000, and the judge ordered it to divide in two. That decision was reversed on appeal, and the parties settled. Microsoft took a confrontational approach to the case from the beginning, and in the end, it paid off. Google is taking the path now that Microsoft went down 25 years ago, Luria said. 'It's saying, 'We are not breaking up, and we'll fight you tooth and nail in court,'' he said. 'Microsoft might have won, but the stock was flat for 10 years. They were so focused on fighting the Department of Justice they didn't notice the rise of mobile devices or cloud computing.' After the government sued Microsoft, David Readerman of Endurance Capital Partners said, 'litigation was a major distraction to Microsoft business unit heads: email retrieval, depositions, et al. There were Xerox document copying centers fenced under the buildings for security reasons.' Microsoft did not recover its momentum until Satya Nadella became CEO in 2014. Google's competitors would presumably be happy with smaller Googles, although maybe not. IBM had a dominant position in computing for years, if not decades, probably even greater than that of Google now. The government pursued an antitrust case against it starting in the late 1960s. Some in the industry thought this was a problematic move. Dick Brandon of Brandon Applied Systems, a computer consulting firm, told The New York Times in 1972 that 'I would prefer to compete against one I.B.M. than two, three, four, or even eight similarly managed competitors without the present gloves that have been tied on in fear of antitrust action.' Another issue shadowing any talk of a breakup: Owing to Google's unusual share structure, major changes could never be undertaken without the approval of the two founders, Larry Page and Sergey Brin. And founders tend to be emotionally attached to what they have created. But 'never say never,' said Kovacevich, who worked in public policy at Google for many years. 'Larry and Sergey like bold, unconventional moves,' he added. 'Could they decide at some point this would be beneficial to the company? Sure. Any business leader should keep all options on the table.'
CNBC
29-05-2025
- Business
- CNBC
Two bears remain on Nvidia after its strong results. What they are worried about
Although most analysts remain bullish on Nvidia following its latest strong earnings , other analysts are staying off to the sidelines when it comes to the chipmaker's stock. D.A. Davidson and HSBC reiterated their neutral and hold ratings, respectively, though they each raised their price targets on Nvidia shares. D.A. Davidson hiked its target to $135 from $120, which implies the stock won't do anything compared to Wednesday's close. HSBC increased its target by $5 to $125, implying the stock will fall more than 7% over the coming year. This comes as shares of the dominant artificial intelligence chipmaker rose more than 5% in early Thursday trading after net income and revenue in the latest quarter topped analyst estimates. Nvidia earned an adjusted 96 cents per share on revenue of $44.06 billion, while analysts surveyed by LSEG were looking for 93 cents per share on $43.31 billion in revenue. NVDA 1D mountain NVDA, 1-day The Jensen Huang-led company also called for about $45 billion in sales in the current quarter and said that its outlook would have been about $8 billion higher if it weren't for lost sales from an export restriction on its H20 chips to China. "It is our belief that the Street is under-accounting Chinese contribution to Nvidia revenue and that this topic represents the largest overhang on the stock, which will continue until we have an official position from the Trump administration that will give us resolution on the matter in one direction or the other," D.A. Davidson analyst Gil Luria wrote in a note in reaction to Nvidia's latest results. Nvidia estimates that the China accounts for about $50 billion in total addressable market , Luria noted. He added that the company is "handing the entire Chinese opportunity to homegrown manufactures such as Huawei" by not having a product that can serve what customers need. While HSBC analyst Frank Lee sees the potential for an AI graphics processing unit (GPU) comeback in China despite the recent H20 restriction, he's concerned that supply chain mismatches could continue to weigh on Nvidia even with an improving ramp up of its Blackwell chips. "We continue to believe that a growing supply chain mismatch between upstream AI GPU shipments and downstream ODM NVL server rack shipments is likely to increase into 2HFY26e despite improving downstream Blackwell rack yields," the analyst wrote in a Thursday note, referring to original design manufacturers and a specific Nvidia chip. "Hence, we still see potential for slower 2HFY26 GPU order momentum." Lee and Luria are two of only six analysts who are neutral on Nvidia, according to LSEG. Most are bullish, with 57 of 64 analysts on Wall Street rating Nvidia the equivalent of a buy.
Yahoo
28-05-2025
- Business
- Yahoo
Broadcom (AVGO) Is Gaining Market Share in the AI-Chip Space, Tech Researcher Says
Broadcom Inc. (NASDAQ:AVGO) is gaining market share in the AI-chip space as more tech giants look to obtain fewer of their AI chips from Nvidia Corporation (NASDAQ:NVDA) by making their own semiconductors, Gil Luria of investment bank DA Davidson said on CNBC recently. Luria is the Head of Technology Research at DA Davidson. A technician working at a magnified microscope, developing a new integrated circuit. With Broadcom Inc. (NASDAQ:AVGO)'s help, (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOG) are increasing the production of their own AI chips, Luria said. Meanwhile, Tesla, Inc. (NASDAQ:TSLA), Meta Platforms, Inc. (NASDAQ:META), and Microsoft Corporation (NASDAQ:MSFT) are evaluating AI chips that they've developed and are attempting to produce more of them, the researcher noted. "Broadcom Inc. (NASDAQ:AVGO) has an opportunity to grow its (market) share (further) as it helps other companies make their own chips," Luria contended. In the last month, the shares have climbed 22%, while they have advanced 11% in the last three months. While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: The author owns shares of AMZN but has no intention of trading them in the next 48 hours. This article is originally published at Insider Monkey.
