tl;dr
Generative AI is gaining attention from investors, particularly in relation to market giants Amazon (NASDAQ: AMZN) and Apple (AAPL) as well as other companies. Amazon (AMZN) revealed that generative AI now constitutes a "multi-billion dollar revenue run rate business" for the company. The Amazon Web...
Generative AI is gaining attention from investors, particularly in relation to market giants Amazon (NASDAQ: AMZN) and Apple (AAPL) as well as other companies. Amazon (AMZN) revealed that generative AI now constitutes a "multi-billion dollar revenue run rate business" for the company. The Amazon Web Services cloud computing platform is witnessing customers entering into longer-term and larger-commitment deals, many of which include generative AI components, as stated by CFO Brian Olsavsky. Amazon (AMZN) also announced the full availability of its GenAI chatbot, Q, to developers. This tool, driven by large language models, is capable of writing or fixing code, among other tasks. Generative AI, a form of artificial intelligence relying on deep-learning models, has the ability to create various content types, including text, audio, and images. Apple (AAPL) has been assembling a team of AI experts, with reports from the Financial Times indicating this development. Investors are keen on the company's Q2 results release, particularly for insights on integrating generative AI into its iPhones. Notably, the largest exchange-traded funds focused on artificial intelligence, based on total assets under management as of May 1, include: * iShares U.S. Technology ETF (IYW) - $15.75B * Fidelity MSCI Information Technology Index (FTEC) - $9.16B * First Trust Dow Jones Internet Index Fund (FDN) - $5.94B * iShares Global Tech ETF Equity (IXN) - $4.30B * iShares Expanded Tech Sector ETF (IGM) - $4.11B * iShares Exponential Technologies ETF (XT) - $3.24B * Global X Robotics & AI ETF (BOTZ) - $2.63B * SPDR S&P Kensho New Economies ETF (KOMP) - $1.84B * Global X Artificial Intelligence & Technology (AIQ) - $1.66B * Global Robotics & Automation Index ETF (ROBO) - $1.25B
More about Amazon.com Inc
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Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Industry: TRADE & SERVICES
Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap: $1,820,525,068,000
Current Price: $3,424.00
Dividend Yield: 0.60%
PE Ratio: 2.9
EPS: 55.78
Beta: 0.0529
Market Cap (Intraday): $574,784,995,000
52-Week High: $3,552.25
52-Week Low: $2,478.55
Shares Outstanding: 500,000,000
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More about Apple Inc
Apple Inc. Stock Analysis Apple Inc. Stock Analysis Summary
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020. As of January 2021, it is also the world's most valuable company.
Apple is a major player in consumer electronics, computer software, and online services. It is the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer.
Key Statistics:
Sector: Technology
Industry: Electronic Computers
Market Cap: $2.63 trillion
Current Price: $26.49
Change: 0.95 ( 6.43%)
Previous Close: $24.65
Beta: 0.262
Revenue: $385.706 billion
EPS: $198.9
Dividend Yield: 0.16
PE Ratio: 0.021
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