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1 Unstoppable Artificial Intelligence (AI) Growth Stock Billionaires Are Buying Hand Over Fist

Manali Bhade, The Motley Fool
·4-min read
1 Unstoppable Artificial Intelligence (AI) Growth Stock Billionaires Are Buying Hand Over Fist

Shares of e-commerce and cloud computing behemoth Amazon (NASDAQ: AMZN) have gained by 76% so far in 2023 -- a remarkable recovery after losing nearly half of their value in 2022. The company's recent quarterly results (for the three months ending Sept. 30) were stellar, with revenue and earnings handily surpassing consensus estimates. The company's free cash flow exploded to $21.4 billion in the 12 months ending Sept. 30, compared to negative $19.7 billion in the previous year.

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