35 Non-Tech AI Opportunities Amid DeepSeek Selloff

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

Number of Hedge Fund Holders: 286    

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. This company offers a robust investment case for several reasons. To begin with, as per the report for the third quarter of 2024, free cash flow less principal repayments of finance leases and financing obligations increased to $44.9 billion for the trailing twelve months, compared with $15.9 billion for the trailing twelve months of the prior year. This reflects the company’s enhanced ability to generate cash flow from its core operations after accounting for the repayment of finance leases and other financing obligations. Moreover, the company has introduced multiple new generative AI-powered features, including Rufus, a generative AI expert shopping assistant available in Canada, France, Germany, India, Italy, Spain, and the UK. In addition, Project Amelia was also introduced, which is an AI assistant for sellers that offers tailored business insights to boost productivity and drive seller growth.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a 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: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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