5 Best AI Stocks to Buy Now

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

Number of Hedge Fund Holders: 269

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer. The firm also has cloud computing, satellite internet, and consumer technology divisions. It is headquartered in Seattle, Washington, the United States.

Amazon.com, Inc. (NASDAQ:AMZN) is known for its ‘flywheel’ approach to artificial intelligence. This approach accepts that the costs of setting up artificial intelligence models are immense, but once the ‘wheel’ starts turning, it becomes nearly self sustaining and reaps massive benefits. Through flywheel, Amazon.com, Inc. (NASDAQ:AMZN) uses predictive and generative insights from one business division to improve performance in others.

Insider Monkey’s Q3 2022 survey of 920 hedge funds outlined that 269 had bought Amazon.com, Inc. (NASDAQ:AMZN)’s shares.

Out of these, Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest shareholder. It owns 49 million shares that are worth $5.6 billion.

Follow Amazon Com Inc (NASDAQ:AMZN)

Disclosure: None. You can also take a look at 10 Best Auto Stocks To Buy Now and 10 Best Safe Dividend Stocks for Retirement Portfolios.

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