Apple, valued at $3 trillion, is currently lagging in artificial intelligence compared to rivals like Amazon and Alphabet. Amazon holds a market cap of $2.3 trillion and leads in cloud computing with a 30% share. Despite some recent challenges, Amazon is experiencing significant growth in its Amazon Web Services segment, with sales rising 18% recently. The company also dominates e-commerce with 38% of the U.S. market and is heavily investing in AI capabilities. Amazon's advertising sector has also seen a 23% growth, enhancing its competitive edge against Apple.
Amazon not only dominates the cloud computing market with a 30% share but also leads in e-commerce, capturing approximately 38% of the U.S. market.
CEO Andy Jassy stated that Amazon is investing around $118 billion to enhance its AI capabilities, which is crucial for its future competitiveness.
With over 200 million Prime members, Amazon has a robust and loyal customer base that continues to drive significant sales and growth.
Amazon's advertising sales grew by 23% in Q2, solidifying its position as a powerful player in the advertising market.
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