12 Best Big Name Stocks to Invest in Now

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

Number of Hedge Fund Holdings: 286

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest e-commerce platform and a leader in cloud computing through Amazon Web Services (AWS). The company caters to individual consumers, small businesses, and large enterprises. Amazon.com, Inc.’s (NASDAQ:AMZN) diverse offerings range from online retail and Prime streaming to AWS solutions for businesses.

Amazon.com, Inc. (NASDAQ:AMZN) is enhancing its advertising capabilities with new offerings, including Prime Video advertising and Generative AI-powered creative tools, which are expected to drive future growth. For consumers, the company has launched AI-powered shopping assistants like Rufus, which is now available in multiple countries and provides personalized recommendations and real-time pricing insights. Furthermore, Amazon.com, Inc. (NASDAQ:AMZN) is upgrading Alexa with new foundational AI models and incorporating artificial intelligence into its devices, including the latest Kindle Scribe. In Amazon Web Services (AWS), the company has maintained a competitive edge by introducing nearly twice as many machine learning and Generative AI features as its competitors in the past 18 months.

Amazon.com, Inc. (NASDAQ:AMZN) is also focusing on enhancing customer experience and improving operational efficiency. Within its retail segment, the company has introduced initiatives such as unlimited grocery delivery from Whole Foods Market, Amazon Fresh, and other grocery partners for $9.99 per month, alongside fuel discounts of $0.10 per gallon at select U.S. stations. To further streamline delivery times and reduce costs, Amazon.com, Inc. (NASDAQ:AMZN) has restructured its fulfillment network to enable more efficient distribution of inventory across regional centers.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) to grow, 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: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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