15 AI Stocks Every Investor Should Be Watching

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

Number of Hedge Fund Holders: 286

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 February 18, The Information revealed that Amazon is shutting down its TikTok-style shopping feed Inspire. Inspire was launched in 2022 and was located in the Amazon app. As such, the move marks another failed attempt by the company to break into social commerce. Amazon has admitted that product discovery often happens off-platform. In other words, Amazon realizes that customers seek inspiration in social feeds – not just on Amazon itself.

“Beyond Amazon, we know that customers look for inspiration and product recommendations in social feeds”.

In turn, the company has pointed toward Rufus, its AI shopping assistant, as an alternative discovery tool.

“Customers can continue to get inspiration across the Amazon store with Shop by Interest, the new Window Display on homepage, Creator storefronts, curated collections, and more. In addition to these features and our powerful search engine, we make it easy to find and discover products through our AI features such as visual search, AI Shopping Guides, and our shopping assistant, Rufus.”

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 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: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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