11 Trending AI Stocks on Latest News and Ratings

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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. Latest reports, published by news website The Information, claim that the tech giant is considering an additional investment in Anthropic, the generative AI startup. Earlier this year, Amazon had announced plans to invest up to $4 billion into the AI startup. The Information reported that the latest investment could also be in multi billion dollars. Anthropic, which has developed one of the most famous AI training models worldwide, might have to use servers powered by AI chips developed by Amazon if this latest round of investment talks bear fruit, per the news outlet.

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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