10 AI Stocks Making Headlines This Week

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

Number of Hedge Fund Holders: 339

Amazon.com Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. Amazon has been infusing generative artificial intelligence more broadly throughout its e-commerce ecosystem. In this regard, CNBC reported on March 27 that it has recently begun testing a shopping assistant and a health-focused chatbot with some users. The new services being tested by the company appeared on its app or website in recent weeks, with an Amazon spokesperson confirming the features being tested in beta with some customers.

Known as Interests AI, it asks users to describe an interest “using your own words,” and then proceeds to generate a selection of products. Through the feature, consumers can browse for products using more conversational language, separate from the main search bar on Amazon’s website.

“Describe your interest, like ‘coffee brewing gadgets’ or ‘latest pickleball accessories’ — and we’ll find relevant products for you.” Other suggested searches include “children books about persistence and dealing with failure,” and “brain teasers that are not too hard, made out of wood or metal.”

-Amazon Landing Page.

The Interests feature by Amazon uses large language models to translate everyday words or phrases into queries, which traditional search engines can then turn into product recommendations. The company is also testing a chatbot on its website and mobile app known as “Health AI.”  Health AI can answer questions related to health and wellness, “provide common care options for health care needs,” and also suggest products.

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 time frame. 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 30 Best Stocks to Buy Now According to Billionaires.

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