11 AI News and Ratings You Should Not Miss

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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 6, Anthropic, an AI startup backed by tech giant Amazon, announced that it would make the Claude AI model it had developed available to defense agencies in the US through partnerships with Amazon Web Services and Palantir. Anthropic had already integrated Claude into the AWS and Palantir systems earlier this year. Kate Earle Jensen, a senior executive at Anthropic, has said that the company’s collaboration with Palantir and AWS will operationalize the use of Claude.

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’.

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