We asked ChatGPT-4o what Amazon’s price will be at the end of 2024; This is what was written

The fact that the most far-reaching news involving Amazon (NASDAQ: AMZN) involved vaporware and grocery store fraud allegedly powered by artificial intelligence (AI) did little to dampen the e-commerce and technology giant’s stock market behavior.

In fact, fueled by both a strong first-quarter earnings report and AI optimism, AMZN stock has seen an impressive 21.89% gain since the start of 2024, and today’s Amazon share price is $182.75.

However, between the technological advances that this e-commerce giant has made in recent years and its checkered reputation for its tendency to violate privacy and other laws, as exemplified by the recent fine imposed by France, and to misrepresent its capabilities , such as the grocery store fiasco, there remains significant uncertainty as to how exactly AMZN will behave in the coming months.

In search of clarity, Finbold decided to check out the most advanced version of OpenAI’s flagship AI platform – ChatGPT-4o – on Amazon’s potential stock price in late 2024.

ChatGPT sets Amazon price for end-2024

After analyzing Amazon’s performance since the beginning of 2024 – both on the business and stock side – ChatGPT-4o provided a rather optimistic forecast for AMZN stock at the end of 2024.

According to artificial intelligence, shares of e-commerce giant Jeff Bezos are likely to increase by another 23.12% and reach a price of $225 before the New Year.

ChatGPT specifically highlighted Amazon’s continued investment in innovation and efficiency efforts, as well as its history of strong revenue growth, as the main reasons for the high price target.

Interestingly, the AI ​​in its response suggested that the global economic situation – which it stated would have a major impact on AMZN – would improve in the coming months.

ChatGPT identifies the outer limits of AMZN’s credible price targets

When asked if Amazon stock could perform even better in the coming months, ChatGPT said its most optimistic price target for the big tech company is $245 and identified the possibility that AWS could significantly accelerate its growth as a key driver of such strong growth. estimate.

On the other hand, ChatGPT also explained that AMZN could remain stagnant near $185 if the global economic and political situation deteriorates or if the company faces increased competition or additional regulatory scrutiny.

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