10 AI News and Ratings Investors Should Not Miss

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 308   

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. Earlier this week, news publication Bloomberg reported that the tech giant had doubled on a previous commitment to build a data center right next to a Pennsylvania nuclear plant. The reports came merely hours after federal authorities turned down a request by Texas-based energy firm Talen that would have increased the amount of power that the nuclear power plant could provide to the data center. Duncan Neasham, an Amazon spokesperson, confirmed the company intended to go forward with the Talen project.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Amazon.com, Inc. (NASDAQ:AMZN) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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