10 AI News and Ratings Investors Should Take a Look At

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

Number of Hedge Fund Holders: 286

Amazon.com, Inc. (NASDAQ:AMZN) incorporates AI across shopping, entertainment, and operations, fueling innovation through investments, AWS collaborations, and Tranium. On January 30, TipRanks reported that Bank of America’s Justin Post reaffirmed a Buy rating on Amazon with a $255 price target. The firm mentioned strong demand for AWS and its expected 19-20% year-over-year growth in Q4. He highlighted Amazon’s investments in infrastructure, including Trainium chips, as key to sustaining future growth. The company’s practice of billing primarily in USD also helps reduce foreign exchange risks, supporting its overall financial stability.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that 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 AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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