12 Trending AI Stocks on Latest News and Ratings

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

Number of Hedge Fund Holders: 286  

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. On December 2, news agency Reuters reported that the tech giant was planning to pilot a new carbon-removal material for data centers, which are at risk of worsening emissions from artificial intelligence systems they power. Per the news agency, Jonathan Godwin, the chief of AI startup Orbital Materials, said that Amazon is piloting the novel material in one data center to start in 2025 as part of a three-year partnership with Orbital. Under the deal, Orbital will make its open-source AI available to AWS customers.

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

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