10 AI News and Ratings Too Important to Miss

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

Number of Hedge Fund Holders: 286

Amazon.com, Inc. (NASDAQ:AMZN) integrates AI into shopping, entertainment, and operations while driving innovation through investments, AWS partnerships, and Tranium.

On January 30, Bernstein raised Amazon’s price target from $265 to $280, maintaining an Outperform rating. The firm expects AWS to keep accelerating in Q4, while retail will benefit from a strong holiday season and record viewership of Thursday Night Football. Despite slight adjustments to AWS and retail revenue estimates due to FX headwinds, the firm anticipates operating leverage in both AWS and retail, with margins improving. Overall, the company is expected to meet or exceed the higher end of management’s guidance for Q4.

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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