20 AI News and Analyst Ratings You Should Not Miss

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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 suggest that the e-commerce giant is slowly rolling out an artificial intelligence tool designed to help third-party sellers quickly resolve issues with their accounts and fetch sales and inventory data. In an announcement made last week, the company detailed that it was launching the new product, named Amelia, for select US sellers. Amelia is the latest addition to a series of generative AI tools launched by Amazon in the past year, like an AI-powered shopping assistant named Rufus and a chatbot for businesses dubbed Q.

Evercore ISI analyst Mark Mahaney recently raised the price target on Amazon.com, Inc. (NASDAQ:AMZN) stock to $240 from $225 and kept an Outperform rating on the shares. In a research note, the analyst noted that Amazon had ramped up its content on Prime Video with more NFL games, 66 regular season NBA games in 2025 and the 2024 PPA World Championships and monetizing that content via advertising had become a higher priority. Evercore estimated that APV would generate between $3 billion and $5.9 billion in total revenue for the tech giant in 2025, implying 3% to 9% incrementality to the FY24 Amazon ad revenue estimate of $56 billion.

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