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Amazon (NASDAQ: AMZN) is leveraging artificial intelligence to enhance its e-commerce and cloud services, particularly through Amazon Web Services (AWS), which remains its largest profit center. The company’s AI initiatives include robots for logistics and AI tools for advertisers, driving strong demand and operational efficiency. AWS is experiencing robust growth, with ongoing investments in data centers and custom chips.
e.l.f. Beauty (NYSE: ELF) recently acquired skincare brand Rhode for $1 billion, which generated $212 million in sales last year. This acquisition is expected to enhance e.l.f.’s distribution capabilities across retailers like Target and Ulta. The company is transitioning after slower growth in the last quarter, aiming for expansion with the addition of Rhode’s premium brand.
Dutch Bros (NYSE: BROS) is expanding its drive-thru coffee shops from over 1,000 locations currently to a target of 2,029 by 2029, eyeing potential growth to 7,000 locations in total. The company reported a 4.7% increase in comparable store sales last quarter, highlighting robust demand. Its mobile ordering and potential food offerings signify additional growth opportunities.
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