11 AI News You Should Not Miss

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

Number of Hedge Fund Holders: 286

Amazon.com, Inc. (NASDAQ:AMZN) is a global tech giant recognized for its e-commerce platform and also provides a comprehensive AI suite, featuring custom processors and Amazon Bedrock for AI development.

Roth MKM recently raised its price target for Amazon (NASDAQ:AMZN) to $250 from $220, maintaining a Buy rating after attending AWS Re:Invent. The firm also named it a Top Mega Cap pick for 2025. Roth MKM is more confident in Cloud demand as Gen AI capabilities advance, and believes AWS is set for growth in AI Cloud. The firm highlighted Amazon’s rapidly developing full-stack AI cloud, including Bedrock and in-house silicon. Moreover, CEO Andy Jassy highlighted that AWS’s Gen AI investments are improving efficiency in Retail, potentially boosting margins.

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: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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