10 AI Stocks on Wall Street’s Radar Right Now

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. On February 28, Bank of America Securities analyst Justin Post maintained a “Buy” rating on the stock and retained a price target of $257.00. Amazon holds a strong position in the AI and cloud computing sectors, and has achieved several milestones recently.

CEO Andy Jessy has also highlighted demand for AI capabilities, particularly through AWS, which has been growing despite chip supply constraints. With chip availability expected to improve later in the year, this demand is likely to accelerate further. Milestones the company has recently achieved include introduction of the AI-powered Alexa+ with over 100 GenAI features as well as the development of the new quantum computing chip named Ocelot. These strategic moves, combined with cost saving growth and growth potential, underscore Post’s outlook and buy rating for the stock.

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 Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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