11 AI News and Ratings You Should Not Miss

Page 11 of 11

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

Number of Hedge Fund Holders: 308   

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. On November 5, investment advisory Morgan Stanley forecast that the tech giant would spend close to $97 billion in the coming year on capital expenditures as the race to power generative artificial intelligence and large language models heats up among hyperscalers. Analysts led by Brian Nowak penned an investor note on the topic and noted that Amazon was expected to spend the most capex on hyperscaler initiatives in 2025. Per the analysts, Amazon’s high-margin businesses continued to allow Amazon to drive greater profitability while still continuing to invest.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ: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 timeframe. If you are looking for an AI stock that is more promising than Amazon.com, Inc. (NASDAQ:AMZN) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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

Page 11 of 11