15 AI Stocks on Wall Street’s Radar

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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 November 27, Redburn Atlantic raised the price target on the stock to $235 from $225 and kept a Buy rating on the shares. The market is turning attention to sustainable moats within the artificial intelligence ecosystem, and full-stack vertical integration stands out as a defining advantage, the advisory told investors in a research note. Redburn says Amazon Web Services continues to solidify its leadership in this area. With a strong networking backbone and increasingly competitive AI accelerators, AWS is rapidly advancing across the stack, contends Redburn.

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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