When investors think about artificial intelligence, the spotlight usually falls on chipmakers and large language model companies.
But the real long-term AI winners may be the businesses building the infrastructure, ecosystems, and commercial layers on which AI runs
That’s where Amazon (NASDAQ: AMZN) and Alibaba Group (NYSE: BABA) stand out. At first glance, the two companies look remarkably similar. Both dominate e-commerce in their respective markets.
Both operate massive cloud computing platforms. Both sit on enormous amounts of consumer and enterprise data. And both are aggressively integrating AI into their ecosystems.