Amazon’s a company investors can ‘put money to work in’: Analyst

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’s a company investors can ‘put money to work in’: Analyst

Big tech companies, including

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(AMZN), Meta Platforms (META), and Alphabet (GOOG, GOOGL), posted solid third earnings this season. Despite the strong showings, capital expenditures (CapEx) on artificial intelligence (AI) are spooking some investors.

Bernstein internet equity research analyst Mark Shmulik tells Yahoo Finance that

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“feels like kind of the name that you can put money to work in and get excited about.”

Alphabet also reported a positive third quarter, but Shmulik notes ongoing legal issues — especially in the antitrust arena — for

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that could hold the company back: “There’s just a whole bunch of noise around the name that’s really hard to break through.”

In terms of Meta, Shmulik also thinks the socail media giant is positioned well, but that when it comes to AI spending, “we’re still waiting to see just how big that spending is going to be and over what duration we could expect the return.”

Shmulik goes on to explain his Underpeform rating on

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(RDDT).

Watch the video above to hear Shmulik’s take on big tech and other internet stocks.

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Daniel A. Nelson

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#Amazons #company #investors #put #money #work #Analyst

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