15 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) operates as a technology conglomerate with core interests in the ecommerce business. As regulators in the US and Europe tighten antitrust investigations into tech giants amid the fallout from reports of usage of private data to train AI models, news agency Reuters reports that the ecommerce company will likely face an investigation next year by the European Union over whether it favors brands on the online marketplace it owns. Per the report, the company could be fined up to 10% of worldwide sales if it is found to have violated the EU Digital Markets Act.

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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