Amazon also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings and Echo and other devices. It provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store, and it develops and produces media content.
The company also offers programs that enable sellers to sell their products on its websites, as well as its stores, and its programs allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides computing, storage, database, analytics, machine learning and other services, as well as fulfillment, advertising, publishing, and digital content subscriptions.
Its Amazon Prime membership program provides free shipping of various items, access to streaming movies and series, and other services.
Given the incredible logistical needs for Amazon, the company has incorporated AI hybrid applications across much of its overall business for years. From e-commerce algorithms for search to the popular Alexa personal assistant and AWS advancements for customers that include advanced text analytics, automated code reviews and chatbots, AI has provided the company with a massive leg up.
Wells Fargo’s target price is $159, while Amazon.com stock has a $136.45 consensus target. The stock closed on Wednesday at $125.90.
Apple
It is almost hard to comprehend that this legacy technology giant makes up a stunning 40% of Warren Buffett’s Berkshire Hathaway portfolio. Apple Inc. (NASDAQ: AAPL) designs, manufactures and markets consumer electronics and computers, and it has developed its own proprietary iOS and Mac OS X operating systems and related software platform/ecosystem.
Revenues are principally derived from the iPhone line of smartphones, the Macintosh family of notebook and desktop computers, iPad tablets, iPod portable digital music players, and the Apple Watch. The company also realizes revenue from software, peripherals, digital media and services. The technology giant consistently has churned out new products, and the ongoing stream of new offerings continues to garner more consumer approval.
Apple stock investors receive a small dividend of 0.54%. Wells Fargo’s $210 price target is higher than the $186.40 consensus target. Shares closed at $185.01 on Wednesday.
Meta Platforms
The Facebook and Instagram parent remains a social media destination for millions daily. Meta Platforms Inc. (NASDAQ: META) develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables and in-home devices worldwide.
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