10 AI News 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) is a multinational technology company offering e-commerce, cloud computing, and services such as digital streaming and artificial intelligence solutions.

On November 1st, Truist reiterated a “Buy” rating on the shares and raised the firm’s price target to $270 from $265. The company’s Q3 results surpassed expectations, with particular strength in International growth and profitability, along with a material step up in margins in North American stores & AWS, notes the analyst. The firm also added that the company’s CapEx is pushed to $75 billion this year and $90 billion in 2025 by Amazon’s AI investments and that the management has established credibility to invest in light of the substantial opportunity aggressively.

Overall, AMZN ranks first among the 10 AI News Investors Should Not Miss. While we acknowledge the potential of 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 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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