10 Important AI News and Ratings for Today

Page 9 of 9

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

Number of Hedge Fund Holders: 286

Amazon.com, Inc. (NASDAQ:AMZN) uses AI to improve its shopping experience, entertainment services, and operations, while also driving AI innovation through investments in projects like Anthropic, AWS partnerships, and Tranium.

On January 24, lead tech analyst at I/O Fund, Beth Kindig suggested that Amazon’s in-house AI chip shipments for its AWS cloud service are expected to increase significantly in 2025. She wrote on X:

“Amazon’s $AMZN in-house AI chip shipments to support AI demand at AWS are reportedly expected to rise ~70% YoY in 2025.“

Amazon’s Annapurna Labs designs and builds custom chips in-house to improve performance in cloud services and machine learning. By developing its own silicon, including Graviton processors, AWS can deliver faster and more efficient products. The chips undergo rigorous testing in the lab before being used in real-world applications, which ensure high performance and energy efficiency.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. 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 Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9