15 AI News That You Should Not Miss

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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, BMO Capital maintained an Outperform rating on the stock with a price target of $236. In an investor note, the advisory noted that AWS would not only benefit from incremental Cloud/AI workloads near term, but also unlock new capabilities through ongoing innovations over the next decade. BMO further stated that Amazon’s ongoing rollout of Same-Day buildings with lower CapEx versus fulfillment centers was improving customer experience levels that would unlock retail free cash flow in 2025.

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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