Amazon.com (AMZN) made a major announcement Jan. 22. After more than a year getting the bugs out, the Seattle e-commerce company opened Amazon Go to the public.
Using artificial intelligence and cameras to keep tabs on the shoppers in the store — Amazon Go provides cashier-free grocery shopping — technology is changing the way consumers shop for groceries.
One of its customers is Amazon CEO, Jeff Bezos.
“Jeff [Bezos] has been aware. He loves the store — he definitely has shopped it,” VP of Amazon Go Gianna Puerini said. “He’s been super supportive and wonderful.”
So, depending on your point of view, Amazon is either a tech company using e-commerce as its end product or service or an e-commerce company using tech to sell its products and services.
While it’s using technology to grow its revenue, I’m going to pass on Amazon.
However, there’s no mistaking these seven stocks to buy that are all growing because of the intelligent use of new technology.
Prices and data are from the original InvestorPlace story published on Jan. 29. Click on ticker-symbol links in each slide for current prices and more.
SEE ALSO FROM KIPLINGER: 50 Dividend Stocks You Can Count On in 2018
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Date — February 12, 2018 9:18 pm
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