Lone Amazon bear optimistic on company's A.I. efforts

#Amazon #youtube #stockmarket
Amazon (AMZN) is touting optimism for the future despite a difficult year for big tech. CEO Andy Jassy said in his 2022 letter to shareholders, that the e-commerce’s focus on cost cutting will help growing some of its more unproven businesses. While nearly all analysts are bullish on Amazon's prospects, one is decidedly bearish. BNP Paribas Managing Director, Stefan Slowinski, has a rare underperform rating on the stock. Yahoo Finance’s Dave Briggs asked the lone bear what would make him become part of Wall Streets bull herd. Slowinski says Amazon will be successful with A.I., but ultimately says it’s “not yet clear” as to how the company is going to use generative A.I. in its consumer services. See the full interview here.
Key Video Takeaways: 0
0:00:16 - Amazon will be successful with A.I. 0
0:01:08 - Wall Street focuses on three things with Amazon
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