14 AI Stocks Making Waves on Wall Street

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

Number of Hedge Fund Holders: 286

Amazon.com, Inc. (NASDAQ:AMZN) is one of the leaders in AI innovation, applying the technology to revolutionize shopping experiences, entertainment, and operational management

Analyst Deepak Mathivanan from Cantor Fitzgerald increased Amazon’s  (NASDAQ:AMZN) price target from $240 to $270 while keeping an Overweight rating. He shared a positive outlook for internet stocks in 2025, despite challenges like tariffs. Key areas like digital ads, online shopping, and mobility are expected to grow and improve profits. The report also noted faster progress in AI, robotics, and other technologies. Amazon is highlighted as a top choice for its strong position in AI development and future potential.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, 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: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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