10 Best Artificial Intelligence (AI) Stocks To Buy According to Financial Media

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

Number of Hedge Fund Holders: 302

Amazon.com, Inc. (NASDAQ:AMZN) is a broad-line retail company based in Seattle, Washington. Like several other companies on our list, Amazon.com, Inc. (NASDAQ:AMZN) has integrated AI into almost every facet of its business. The company’s targeted advertisements, marketplace search, and recommendation algorithms all make use of AI. AI is also heavily used in Amazon Web Services, with cloud customers being provided a diverse range of AI and machine learning services through this business segment.

We saw 302 hedge funds long Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, with a total stake value of $60.4 billion.

While we acknowledge the potential for Amazon.com, Inc. (NASDAQ:AMZN) as an AI play, its valuation is too rich right now. 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: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

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