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Despite a downturn in AI stocks in recent days, the build-out of AI clearly has a long runway that will benefit buy-and-hold investors.Two of the best and biggest hyperscalers right now are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN). Both companies have vaunted cloud computing divisions that are rapidly growing as companies look to develop, train, and run AI programs in cloud environments.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »But which of these two massively successful companies is the better buy? Let's look at both and choose the winner.Image source: Getty Images.Amazon made its mark in e-commerce, going back to its days as an online bookseller. In 2000, the company opened Amazon Marketplace to allow third-party sellers to offer products on its e-commerce network -- a move that helped Amazon expand to become the leading e-commerce company in the U.S.Amazon's revenue in the fourth quarter was $213.4 billion, up 13.6% from a year ago. More than $177 billion of that was from the company's e-commerce division, with sales up 11.8% from last year. But that pales in comparison to Amazon Web Services (AWS), which saw revenue jump 23.6% to $35.5 billion. More importantly, AWS is a much more profitable segment, generating income of $12.4 billion versus operating income of $11.6 billion for the much larger e-commerce division.AWS is by far the most interesting part of Amazon's business today, with new deals with OpenAI, Visa, Lyft, United Airlines, CrowdStrike, Salesforce, and more. That's why Amazon is planning to spend $200 billion on AI infrastructure this year -- a spending plan that is making some investors nervous, but should pay off in the long run.Alphabet has a lot of similarities to Amazon. While Amazon got its start in retail, Alphabet's roots go back to its famous Google search engine and Chrome browser. Both products are best-in-class and dominate their markets, giving Alphabet unquestioned superiority in generating revenue from internet advertising.And both companies have critically important cloud computing services. AWS is the leader of the pack with a 29% global market share, but Google Cloud has grown to third place, with 13% of the market.But here's where the companies differ. While Amazon's legacy e-commerce division has relatively low profit margins, Alphabet is figuratively printing money with its web advertising businesses. In the fourth quarter, Alphabet reported $113.8 billion in revenue, with $95.8 billion from advertising on Google Search, YouTube, and the Google Network, as well as from subscriptions. Alphabet reported a hefty profit of $40.1 billion from all that work -- by far exceeding the profit margin from Amazon's retail business.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,909.51 +47.62 (+0.69%)Dow 3049,625.97 +230.81 (+0.47%)Nasdaq22,886.07 +203.34 (+0.90%)Russell 20002,663.78 -1.31 (-0.05%)VIX19.09 -1.14 (-5.64%)Gold5,080.90 +83.50 (+1.67%)Trending tickersBTC-USD Bitcoin USD 68,066.95 -9.74 (-0.01%)ETH-USD Ethereum USD 1,974.70 +5.12 (+0.26%)XRP-USD XRP USD 1.43 -0.01 (-0.36%)BTC-CAD Bitcoin CAD 93,166.63 -13.34 (-0.01%)SOL-USD Solana USD 85.08 +0.17 (+0.20%)PortfolioSign in to access your portfolioSign inTop gainersRNG RingCentral, Inc. 39.50 +10.11 (+34.40%)LGN Legence Corp. 55.24 +7.96 (+16.84%)TLX Telix Pharmaceuticals Limited 7.69 +0.98 (+14.61%)SYRE Spyre Therapeutics, Inc. 43.21 +5.40 (+14.28%)FSM Fortuna Mining Corp. 12.27 +1.37 (+12.57%)Top losersFROG JFrog Ltd. 37.75 -12.54 (-24.94%)DNOW DNOW Inc. 13.23 -3.13 (-19.13%)CC The Chemours Company 17.04 -3.37 (-16.51%)AKAM Akamai Technologies, Inc. 94.17 -15.42 (-14.07%)RGC Regencell Bioscience Holdings Limited 29.17 -4.29 (-12.82%)Most activeNVDA NVIDIA Corporation 189.82 +1.92 (+1.02%)OPEN Opendoor Technologies Inc. 5.0000 +0.3500 (+7.53%)ONDS Ondas Inc. 10.03 -1.36 (-11.94%)INTC Intel Corporation 44.11 -0.51 (-1.14%)PLUG Plug Power Inc. 1.8700 -0.0400 (-2.09%)Top economic eventsEarnings eventsMy earnings eventsEarnings events