GTC Recap and Beyond: 10 AI Stocks on Investor’s Radar

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 19, the company’s self-driving unit Zoox agreed to recall 258 vehicles due to issues with its automated driving system. According to a company filing, the vehicles had an unexpected braking issue that could cause unexpected hard braking.

The recall affects vehicles that were equipped with the self-driving software versions released before November 5. Back in May, a probe had been opened by the National Highway Traffic Safety Administration based on unexpected braking which led to two rear-end collisions that injured motorcyclists. The company has addressed the issue by updating the software on the company-owned vehicles. Zoox’s filing with NHTSA reveals that the two issues have been addressed by the software update. There were no further occurrences after. Nevertheless, it has agreed to the recall “in light of NHTSA’s position and in the interest of promoting transparency.”

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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