9 Buzzing AI Stocks on Latest News and Ratings

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

Number of Hedge Fund Holders: 286

Amazon.com Inc (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. On February 10th, CNBC reported that JPMorgan has reiterated Amazon as a top pick. The firm stated that the company has had “many years of strong growth & improving profit as the industry leader in two very large opportunities, e-commerce and cloud.”

“However, we believe AMZN has a very clear path to AI monetization through AWS, and it remains early in what should be an extended cycle of innovation and technology transformation.”

-JP Morgan

Analysts on Wall Street currently have a consensus Buy rating on AMZN stock. The average price target of $235 implies an upside of 0.8% from current levels, however, the Street-high target of $285 implies an upside of 22%.

While we acknowledge the potential of 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 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 Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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