Bezos' Behemoth: Unearthing The Secrets Behind Amazon's Consistent Climb Above 100 And Its Inevitable March Towards 200

• Amazon aims to enhance Alexa with ChatGPT-like AI features.
• Upgraded Alexa would provide real-time web access.
• Amazon's stock price hovers around $100.
• AI-powered Alexa could drive stock price up and impact AI sector.

Amazon.com, Inc. AMZN is joining the AI arms race with an ambitious project to evolve Alexa into a more powerful conversationalist. This new version of Alexa could be even smarter than ChatGPT.

We take a look at how this might influence their competition and whether investors can expect any change in stock prices due to its development.

With AI-driven features similar to ChatGPT integrated into Alexa, Amazon could revolutionize the industry and gain a competitive edge.

This feature would not only make Alexa much more sophisticated but also provide it with real-time web access, making it possible for users to stay up-to-speed on current information, propelling its capabilities beyond other voice assistants available on the market today.

After three months of ebbs and flows, Amazon's stock price is just above the $100 mark, a level that has acted as both major support and resistance since early May 2022.

But with its climb back up to this pivotal threshold comes the potential for further upward momentum with the assistance of the zonal support below it.

The daily 200 simple moving average stands resolute, providing a seemingly impenetrable wall of resistance above price.

The support and resistance levels have converged, creating a pressure cooker environment almost certain to result in a dramatic breakout, either to the upside or the downside.

As the stock market waits in anticipation, Amazon's latest foray into AI-powered technology is poised to bring a game-changing shift.

The revolutionary Alexa with ChatGPT capabilities could ultimately propel its price upwards and secure a more significant stake of success within the artificial intelligence sector, sending ripples throughout both industries!

After the closing bell on Wednesday, May 3, the stock closed at $103.65, trading up by 0.02%.