35 AI News and Ratings You Should Not Miss

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1. 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. Financial services company Societe Generale on October 23 released an investor note detailing that the rise of AI was driving new investments in nuclear energy and partnerships for power security. Per the note, almost all hyper-scalers were focused on energy security and demand was driving the nuclear momentum. Manish Kabra, the head of US equity strategy at Societe Generale, also underlined that hyper-scale data centers, such as those used by Microsoft, Google, and Amazon, were responsible for 60-70% of all data center energy use. Amazon has plans to neutralize all of its data center energy use with renewable power in the coming years. Last May, the tech giant secured a nuclear-powered data center in Pennsylvania to leverage clean energy from the Susquehanna Steam Electric Station.

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: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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