10 AI News 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) uses AI to advance its shopping experience, entertainment offerings, and operational effectiveness. It has also invested in AI through initiatives like Anthropic, AWS partnerships, and Tranium, which boosts its competitive position in generative AI development.

On January 21, Raymond James raised its price target for Amazon (NASDAQ:AMZN) to $260 from $230, maintaining a Strong Buy rating. The firm is optimistic about the internet sector, especially Amazon, and sees the upcoming year as key for the commercialization of GenAI. The firm believes capital expenditure concerns may ease as AI use cases expand. While some uncertainties remain, such as tariffs and AI regulation, the overall macroeconomic outlook is more stable.

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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