35 Trending AI Stocks on Latest News and Analyst Ratings

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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. Scotiabank analyst Nat Schindler recently initiated coverage of the stock with an Outperform rating and $245 price target. The advisory has a high level of confidence that consumers will use Amazon’s services more in the future. It is also positive on the company’s ability to monetize its artificial intelligence investments. The investment firm expects corporate uses, streamlining customer interactions, speeding code development, storing and contextualizing unstructured data, and other business efficiencies to be the most substantial near- to medium-term opportunities.

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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