14 AI News and Ratings That Wall Street Is Watching

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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, the company announced that it would be launching new data center components that are designed to support the next generation of artificial intelligence innovation and evolving needs. Per the tech giant, these capabilities cover data center essentials like power, cooling, and hardware design. Through the new products, the firm aims to create a more energy efficient data center. The new components offer simplified electrical and mechanical designs for data centers, as well as improved liquid cooling, rack design, and control systems.

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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