A once-in-a-lifetime investment opportunity: buy now and hold for 10 years in a single artificial intelligence (AI) growth stock.

Artificial Intelligence (AI) has made a big splash in the last year or so. The precursors to modern AI have been around since the 1950s, but recent algorithms have taken the technology to the next level. Generative AI differs from its predecessors not only in its ability to create new and unique content, but also in its ability to streamline and automate processes, thereby dramatically increasing productivity. The potential to save time and money is huge, leading to a surge in the adoption of this breakthrough technology.

outspokenJP Morgan Chase (bank)Chief Executive Officer Jamie Dimon has never shied away from making bold statements. In a recent shareholder letter, the enigmatic Mat Executive said that generative AI could be "as transformative as some of the major technological inventions of the last few centuries": think the printing press, the steam engine, electricity, computers, the Internet, and so on.

While this may seem a bit of an exaggeration, similar calls are growing in popularity among tech enthusiasts. Even the most conservative estimates suggest that AI will generate $1 trillion for the economy over the next 10 years.or moreImpact. The companies best positioned to catch these secular tailwinds will also reap a windfall, which will ultimately benefit investors.

There will be many stocks that will ultimately benefit from AI, but I'm particularly bullish on theAmazon (NASDAQ resonance code: AMZN)The

Industry Leader - More Than One Square Noodle

It is important to consider the AI opportunity in the context of Amazon's overall business - which is quite impressive.

The company's initial rise was due to its industry-leading e-commerce business. According to data compiled by eMarketer, Amazon has long dominated the industry, accounting for approximately 38% of U.S. online retail sales in 2023, more than the next 15 largest competitors.mass transit andThe company is expected to maintain its dominant position in 2024. The company is expected to maintain its dominant position through 2024.

For a long time, Amazon has been using artificial intelligence to keep its edge over the competition. These use cases include making product recommendations to曏 customers, predicting and maintaining the correct inventory levels in warehouses and distribution centers, using AI-enabled robots to stock shelves and deliver goods, and even determining the most efficient delivery routes.

The company also has an industry-leading cloud computing division, Amazon Web Services (AWS). According to research firm Canalys, although AWS's dominance has waned in recent years in the face of intense competition, it will remain the top provider of cloud infrastructure services by 2023, with a market share of 31%.MicrosoftAzure is in second place.Alphabet Google Cloud is in third place with 26% and 10% of market share respectively. Artificial intelligence is at the center of Amazon's AWS cloud strategy (more on that later).

Finally, there is Amazon's digital advertising business, with ads appearing on its e-commerce site, Prime Video and Freevee streaming products, Twitch, the game streaming platform, Amazon Music, and more. The company utilizes artificial intelligence to better match advertisements with target markets. This strategy has been a huge success as ad serving is Amazon's fastest growing major business segment by 2023.

big shot

There's no doubt that AWS is Amazon's biggest opportunity in AI.

Its full-grain Bedrock service is the foundation of its AI offerings. Like its competitors in the cloud computing space, Amazon offers all the hottest libraries of fundamental AI models, including those from AI21 Labs, Cohere, Mistral AI,Meta PlatformsThe models created by companies such as, Stability AI and Anthropic.

Amazon is pinning its biggest hopes on Anthropic. Just last month, the company increased its stake in the AI startup by $2.75 billion, bringing its total investment to $4 billion. Anthropic and its Claude 3 suite of AI models are considered a major competitor to OpenAI's ChatGPT, which has attracted $13 billion in investment from Microsoft, arguably setting off an AI gold rush.

In addition to the AI models provided by Bedrock, Amazon offers Titan, a suite of pre-built Large Language Models (LLMs) of its own creation that can be customized for a variety of AI-focused business needs.

Late last year, Amazon released the latest versions of its custom AI processors, Trainium2 and Graviton4, for training and running AI models, respectively. The company has also expanded its collaboration withNvidiaThe company also introduced its state-of-the-art GB200 Grace Blackwell hyperchips and B100 Tensor Core GPUs to AWS. This set of features offers a wide range of AI capabilities at a price point that will appeal to many cloud customers.

The company also launched Amazon Q, a generative assistant powered by AI that can be tailored to each business to automate and streamline processes to save time and money.

With Amazon's wide range of products and multi-layered approach to AI, there is no doubt that Amazon will be one of the leaders in this field.

Potential for good value for money

While Amazon has been on a tear lately, it's not very expensive. The stock currently trades at about 2.7 times forward sales, which is very cheap compared to its 7-year average of 3.5 times sales.

This offers savvy investors the chance to invest in a once-in-a-lifetime opportunity at a discounted price.

Should you invest $1,000 in Amazon right now?

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Alphabet executive Suzanne Frey is a member of The Motley Fool's board of directors. John Mackey, former chief executive officer of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. JPMorgan Chase is an advertising name partner of The Ascent, a Motley Fool company. Randi Zuckerberg, former Facebook Market Development Mass Director and Spokeswoman, and sister of Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's Board of Directors. Danny Vena has holdings in Alphabet, Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool owns and recommends shares of Alphabet, Amazon, JPMorgan Chase, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: Microsoft January 2026 $395 Call Option Long and Microsoft January 2026 $405 Call Option Short The Motley Fool has a disclosure policy.

A Once-in-a-Generation Investment Opportunity: Buy Now and Hold for a Decade in an Artificial Intelligence (AI) Growth Stock was originally published by The Motley Fool.