Beyond the Tech Giants: 35 Non-Tech AI Opportunities

5. Coupang, Inc. (NYSE:CPNG)

Number of Hedge Fund Holders: 62 

Coupang, Inc. (NYSE:CPNG) is a South Korea-based ecommerce firm. It was one of the first retailers to use AI and machine learning to improve the ecommerce side of the business, setting the company apart from the competition. Coupang uses AI and machine learning to increase inbound efficiency, predict order volume, and improve the algorithms on its main app. AI also runs the fulfillment centers of the ecommerce giant with minimal human involvement. AI tools at the ecommerce firm are used to predict demand, optimize inventory levels, and manage supply chains. By analyzing trends and historical data, the firm can forecast which products will be in demand, reducing overstock and stockouts.

Expert investment advisors on Wall Street are bullish on Coupang, Inc. (NYSE:CPNG) stock. JPMorgan has an Overweight rating on the shares with a $28 price target. In a recent investor note, the advisory mentioned the 140 billion won fine leveled on the firm by authorities in South Korea earlier this year. The fine was imposed for alleged manipulation of search listing algorithms in favor of the own products of the firm. In the note, the advisory noted that the regulatory repercussions for the business may weigh on investor sentiment in the near term.