Amazon (NASDAQ:AMZN) stock is likely to move higher this year, and not only because the company is an e-commerce giant. For one thing, Amazon recently acquired a business that offers a range of healthcare services. Also, Amazon is engaged in a collaboration that will help developers conduct work related to artificial intelligence (AI) on the company’s cloud computing platform.
As the company delves boldly into high-confidence market segments, Amazon should reward patient shareholders with surprisingly robust returns in 2023.
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