Amazon.com, Inc. (NASDAQ:AMZN) is well-positioned to benefit from its cost cutting, and the latter initiative is likely to boost its bottom line, said Andrew Arons in a recent appearance on Schwab Network.
Further, the company is “constantly innovating,” the veteran investor said.
Arons, the managing partner of Synergy Advisory Management Group, is also quite upbeat about Uber Technologies, Inc. (NYSE:UBER).
Arons’ Comments on Amazon.com, Inc.’s Cost Cutting
Whenever Amazon.com, Inc. carries out cost cutting, its bottom line is boosted, Arons said.
“Right now Amazon.com (AMZN) is using 750,000 AI robots to raise the margins of their warehouses,” the investor stated.
Uber Technologies, Inc. Is Being Widely Underestimated
Asserting that Uber Technologies is being underestimated by many on the Street, Aron noted that the company expects to facilitate 12 billion rides in 2025.
“That’s a pretty astounding number,” the veteran investor said.
He added that 25% fewer of 18-to-35 year olds drive now than was the case about 20 years ago.
Uber Technologies (UBER) also has “a couple of good strategic partnerships,” Aron said.
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This article is originally published at Insider Monkey.
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