14 AI Stocks Catching Wall Street’s Attention

Page 13 of 13

1.    Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 339

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 April 10, Truist reiterated the stock as “Buy” but reduced the price target to $230 from the previous $265. The firm said it’s cutting its price target but standing by the stock. This is because it believes that despite short-term headwinds, the company’s strategic position and market presence will help its growth over the longer term.

“We’re reducing our estimates and PT to $230 from $265 for AMZN on tariff concerns, particularly with China which is now subject to 125% rate.”

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 time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 13 of 13