20 Trending AI Stocks on Latest News and Analyst Ratings

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

Number of Hedge Fund Holders: 308    

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. As the company integrates AI features into the cloud, the software side of the business paints a compelling growth story. The web services section of the firm has an operating margin of more than 34%, far higher than the 5% operating margin of the ecommerce side of the business. The company aims to boost the AWS segment in the coming months with an extensive partner ecosystem and AI capabilities. On the ecommerce side, the firm is focused on growing the international segment.

Amazon.com, Inc. (NASDAQ:AMZN) might be one of the biggest beneficiaries of a new US government order to increase tariffs on low priced goods entering the country from abroad. In the past few years, Chinese ecommerce giants have had a competitive advantage over Amazon due to the lower taxes and tariffs on low priced goods. Deutsche Bank recently said in an investor note that US President Biden intends to take executive action while waiting for Congress to pass a bill related to the de minimis provision on trade.

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