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 7, the tech giant announced plans to invest up to $1.3 billion in Italy over the next five years as part of a long-term plan to boost data center business in the European country. The company aims to create more than 5,000 jobs in Italy through the investment. Per the ecommerce titan, these job opportunities will cover various sectors, including construction, facility maintenance, engineering, and telecommunications, and are also aimed at positively impacting the broader local economy.

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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