15 AI News Updates Investors 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. Latest reports, published by news publication Bloomberg, suggest that the recent $4 billion investment by the tech titan into AI startup Anthropic is part of a larger plan to make the Neuron SDK, the software used to run AI workloads on the chips, more appealing. Per the report, convincing customers to switch from rival NVIDIA would require hundreds of hours of development time, and Anthropic teams working directly with AWS personnel would help bridge this gap.

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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