12 High Flying AI Stocks This Week

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1.  Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 286

Amazon.com Inc (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. On February 4th, Bank of America Securities analyst Justin Post maintained a “Buy” rating on the stock and retained the price target of $255.00. Amazon’s strong fourth-quarter results, backed by robust retail growth and increasing AI contributions in the AWS segment, have led to the reiteration. Besides Amazon’s solid financial position, its positive retail data implies stable or accelerating growth, noted the firm. Amazon is not free from risks, with tariff impacts and increased depreciation expenses for AWS looming. However, AWS’s growth potential, efficient retail operations, and Prime Video advertising opportunities justify the Buy rating. Additionally, the company’s advancements in AI and relative profit growth are anticipated to sustain the stock’s valuation.

While we acknowledge the potential of 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 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 Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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