17 Trending AI Stocks on Latest Analyst Ratings and News

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

Number of Hedge Fund Holders: 308    

Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. Latest reports indicate that Chinese companies are getting around US bans on export of products, software, and technology related to AI by targeting American cloud service providers. These cloud firms, including AWS by Amazon, have integrated AI features into their offerings in the past few months as the demand for the new tech rises rapidly. The report, first released by news agency Reuters, claims that Amazon offered Chinese entities access to advanced AI chips and also advanced AI models like Claude.

Following AI-themed changes to virtual assistants by big tech firms like Apple and Google, Amazon.com, Inc. (NASDAQ:AMZN) is reportedly also planning to launch the delayed overhaul of Alexa in October. Per reports, access to the upgraded version of the Alexa assistant, which includes a Smart Briefing feature that offers daily AI-generated summaries of news articles, will require a paid subscription that could cost as much as $10 a month.