9 Trending AI Stocks Making Headlines Today

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1.  Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 339

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 March 24, TipRanks reported that Monness analyst Brian White has maintained a “Buy” rating on the stock. White’s buy rating stems from Amazon’s strategic positioning and growth potential. Even though the company is facing some short-term challenges, AWS is poised to capitalize on long-term trends in artificial intelligence.

It has already reaped benefits from generative AI, particularly from training large language models, with growth drivers expected to boost further. In addition, AWS and other cloud service providers are likely to benefit from significant capital expenditures. Amazon’s growth potential is poised to experience further growth through increased inferencing as it is anticipated to surpass training in scale.

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 time frame. 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 Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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