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AMAZON'S 'MULTI-BILLION DOLLAR RUN RATE' IN AI DRIVES STRATEGIST TO DOUBLE DOWN
ON STOCK

by Surbhi Jain



August 20, 2024 8:48 AM | 2 min read | Make a Comment


ZINGER KEY POINTS

 * Expert sees Amazon’s recent dip as a buying opportunity, citing strong AI and
   e-commerce growth potential.
 * Amazon’s AI initiatives and dominant market positions reinforce confidence,
   despite concerns over economic slowdown.



--------------------------------------------------------------------------------

20-YEAR PRO TRADER REVEALS HIS “MONEYLINE” — SIMPLE TRADES


A simple line tells you when to buy and when to sell that’s helped Nic win 83%
of his trades. Click here for access.

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In a recent exclusive interview with Benzinga, Stephanie Link, Chief Investment
Strategist & Portfolio Manager at Hightower Advisors, shared her insights into
Amazon.com Inc's

AMZN-0.06%
Get Free Report
stock, making it clear that she's playing the long game with this tech titan.


SEIZING THE DIP: A STRATEGIC PLAY ON AMAZON

Despite a recent dip, Link saw an opportunity in the temporary pullback, saying,
“We already had a position in Amazon that has done well. Between their latest
earnings report and the dip last week, AMZN traded over -12% lower and there was
not a material change in the business.”

For Link, the numbers spoke for themselves. She noted Amazon was trading at
“12.9x EV/EBITDA & 27.8x P/E,” which signaled an entry point to double down on a
stock she believes in.

The key factors behind her confidence?



“Amazon continues to have tailwinds behind them from their regional distribution
change that is unlocking operating margin growth and cost-cutting,” she said.

Factoring in AWS's status as the largest cloud provider with a “multi-billion
dollar run rate generative AI business,” and the decision to buy more Amazon
stock seems like a no-brainer.

Read Also: EXCLUSIVE: Which Magnificent 7 Stock Would Investors Put $1,000 In
Today? 44% Of Benzinga Readers Pick This Company


AI – THE GAME-CHANGER FOR AMAZON

When asked about Amazon's expanding AI capabilities and their impact on future
growth, Link was equally optimistic. “We think that this is a tailwind for
Amazon,” she said.

Highlighting Amazon’s recent AI innovations, she pointed out that AWS has
launched “more than twice as many machine learning and generative AI features
than all of the other major cloud providers combined” over the past 18 months.

This, coupled with Amazon's new generative AI-powered shopping assistant Rufus,
has positioned the company for what Link believes will be significant long-term
gains.


WHY THE ECONOMIC SLOWDOWN DOESN'T SCARE LINK

Despite fears of a looming economic slowdown, Link isn't worried about Amazon’s
resilience.

“There are always headlines out there that promote fear… but we have faith in
the data,” she said. With Amazon being the largest player in both e-commerce and
cloud computing, Link is confident in the company's ability to weather any
potential storms, noting that even in a weaker economy, Amazon's innovative edge
and dominant market positions give it a distinct advantage.

Read Next:

 * Jeff Bezos Said ‘I Predict One Day Amazon Will Fail’ And Claims Large
   Companies Only Last ’30-Plus Years’ – Guess How Old Amazon Is?

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.


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Posted In: Long IdeasTop StoriesExclusivesTechTrading IdeasInterviewExpert
IdeasStephanie LinkStories That Matter

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--------------------------------------------------------------------------------


LOGICMARK (NASDAQ: LGMK) MAKES EXPANSION PUSH WITH MOBILE PERSONAL SAFETY APP
ASTER AS IT PIVOTS FROM MEDICAL ALERTS WITH CPAAS MODEL

by Gerelyn Terzo


August 19, 2024 7:51 AM | 4 min read | Make a Comment

Partner Disclosure

Check out LogicMark's investment deck here.  The recent terror scare at Taylor
Swift's Vienna concerts has thrust personal safety into the spotlight around the
globe. Security is big business, as the personal safety and security device
market in 2023 was worth over $45.2 billion and is projected to surpass $133.7
billion by year-end 2036. LogicMark LGMK is at the forefront of transformative
software technology that works to help make people feel safer wherever they may
be LogicMark aims to disrupt the personal emergency response systems (PERS)
market by applying its transformative technological innovation to this area. As
part of its transformation, the company has recently been expanding its product
pipeline into new markets Known for its Freedom Alert Pendant, the maiden
two-way voice communication device that connects directly to emergency workers
via 911 and supports multiple contacts, LogicMark has been known as a hardware
company since its inception in the early 2000s. As an early mover in the PERS
segment, LogicMark makes its offerings available across price points to
customers. Now the company has expanded into direct-to-consumer (DTC) and
subscription-based services, where it continues to evolve its capabilities
across connected technology and medical alert products, including PERS offerings
In 2024, the company reinvented itself from a pure hardware play to a
subscription-based services model in which it offers multiple layers of
services, thereby diversifying its revenue streams beyond those generated by
hardware and accessories
Read More



--------------------------------------------------------------------------------




NSA CODE BREAKER JIM SIMONS' HEDGE FUND RENAISSANCE TECHNOLOGIES — OZEMPIC,
WEGOVY MAKER NOVO NORDISK ALONG WITH NVIDIA, PALANTIR AMONG TOP HOLDINGS

by Kaustubh Bagalkote


August 19, 2024 10:25 PM | 3 min read | 2 Comments


Editor’s Note: The headline has been revised for clarity. Renaissance
Technologies, the hedge fund founded by legendary mathematician and former
National Security Agency code breaker Jim Simons, recently disclosed its latest
stock holdings in a 13F filing with the U.S. Securities and Exchange Commission
on Aug. 9 What Happened: The filing reveals significant changes in the fund’s
portfolio, reflecting the quantitative strategies that have made Renaissance one
of the most successful hedge funds in history Leading the pack is Novo Nordisk
A/S NVO, a Danish pharmaceutical giant, which accounts for 2.22% of
Renaissance’s portfolio with a market value of $1.3 billion. Despite a 15.03%
reduction in shares, NVO remains the fund’s top holding NVIDIA Corp. NVDA, a
leader in AI and graphics processing, saw a significant increase in
Renaissance’s holdings. The fund boosted its NVDA shares by 27.52%, making it
the third-largest position at 1.47% of the portfolio
Read More



--------------------------------------------------------------------------------




ELON MUSK SENDS DOGECOIN SPIKING WITH AI-GENERATED IMAGE, SAYS 'WILLING TO
SERVE' IN GOVERNMENT DEPARTMENT THAT SPELLS D.O.G.E.

by Aniket Verma


August 19, 2024 11:28 PM | 1 min read | 1 Comment


Popular dog-themed meme coin, Dogecoin DOGE/USD ticked upwards Monday overnight
after one of its biggest endorsers, Tesla CEO Elon Musk, posted an AI-generated
image referencing the cryptocurrency. What Happened: In an X post, Musk shared a
picture, showing him behind a mic stand with the words D.O.G.E, standing for
Department of Government Efficiency "I am willing to serve," read the caption to
the post shared from his official handle Within minutes, DOGE started to trend
upwards, taking its 24-hour gains to 3.56% at the time of writing. The canine
coin's trading volume surged 44.33% to $572 million Why It Matters: Musk's
playful post came after former President Donald Trump stated his willingness to
nominate Musk to a cabinet or advisory role if he returns to power
Read More



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