35 Non-Tech AI Opportunities Amid DeepSeek Selloff

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8. Coupang, Inc. (NYSE:CPNG)

Number of Hedge Fund Holders: 56 

Coupang, Inc. (NYSE:CPNG) is a South Korea-based ecommerce firm. It was one of the first retailers to use AI and machine learning to improve the ecommerce side of the business, setting the company apart from the competition. There are various aspects that make this company a promising investment avenue. For instance, the report for the third quarter of 2024 illustrates that net revenues were $7.9 billion, increasing 27% year-over-year on a reported basis and 32% year-over-year on an FX-neutral basis; excluding Farfetch, the growth was 20% year-over-year on a reported basis and 25% year-over-year on an FX-neutral basis. This underscores the company’s ability to drive organic growth and expand its market share. Moreover, Coupang has also launched a new division, R.Lux, an online shopping platform focused on the sale of premium cosmetics. The service features premium packaging and same-day delivery via Rocket Delivery.

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