10 AI Stocks with Massive Growth Potential

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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 26, Amazon reached a major milestone where it unveiled the first major overhaul of its Alexa voice assistant since its introduction more than a decade ago. Embedded with generative artificial intelligence, the new service Alexa+ runs on Amazon’s own and Anthropic’s large language models. The service is free for Amazon Prime members and is priced at $19.99 a month for non-Prime users. It will be available in March to some users, rolling out to more people over time.

“Alexa knows almost every instrument in your life, your schedule, your smart home, your preferences, the devices you’re using, the people you’re connected to, the entertainment you love and uses many of the apps you use, a lot of the services you need”.

-Panos Panay, Amazon’s head of devices and services, at a launch event in New York.

Panay revealed that Alexa+ can store customer preferences, and can be used to make dinner reservations and send timed texts or reminders. It can also be connected to Amazon products such as Ring doorbells to show recordings from its cameras, amongst other things.

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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