This Under-the-Radar Technology Stock Is Now a Home-Run AI Investment
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Long-time investors in Amazon have gained generational wealth. A company that may be following in its footsteps is Coupang (NYSE: CPNG). The South Korean technology giant has built an Amazon-like e-commerce service that is rapidly gaining share in its home market due to its fast delivery and wide selection for shoppers.Now, it is taking inspiration from Amazon in another business line. How? By expanding its cloud computing division to focus on artificial intelligence (AI) and selling to third parties. Here's the skinny on Coupang's grand ambitions, and why the technology stock may be a perfect fit in your portfolio today.Pioneering the cloud computing sector with its Amazon Web Services (AWS) has enabled Amazon to become a "Magnificent Seven" stock. It was able to succeed by taking its internal data center technology and selling the computing power to third parties.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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