10 AI Stocks Poised for Big Moves

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 March 3^rd, Reuters reported that Amazon will be using artificial intelligence to reduce flood risks in Spain’s northeastern region of Aragon where it is building data centers.

Amazon’s cloud computing unit AWS announced that it will invest 17.2 million euros ($17.9 million). The investment will be used to reduce flood risks in the region by modernizing infrastructure and using AI to optimize agricultural water use. Amazon’s advanced cloud computing technologies will deploy an early warning system, combining real-time data collection with advanced sensor networks and AI-powered analysis. This will help Aragon’s capital city Zaragoza monitor flood risks.

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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