10 AI News Updates You Should Not Miss

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

Number of Hedge Fund Holders: 286  

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. On November 29, storage news platform Block & Files reported that the scalable file storage service Amazon FSx for Lustre, provided by AWS, was promising GPU throughputs 12 times faster to aid AI learning workloads and reduce costs. The platform noted that FSx for Lustre now supports Amazon’s Elastic Fabric Adapter and the NVIDIA GPUDirect Storage system. With this combination, FSx for Lustre can deliver up to 12x higher throughput per client instance – 1200 Gbps – compared to previous FSx for Lustre systems.

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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