Jim Cramer’s 5 Best AI Stocks

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

Number of Hedge Fund Holders: 278

Jim Cramer in a program earlier this year said that he was wrong about Amazon.com, Inc. (NASDAQ:AMZN) when it comes to AI. Cramer said he’d thought Amazon.com, Inc. (NASDAQ:AMZN) would be left behind in the AI race. Cramer said that Amazon.com, Inc. (NASDAQ:AMZN)’s AWS platform offers strong machine learning, image recognition and other AI-related capabilities which many companies are already using. Cramer also talked about AWS Bedrock platform for generative AI and praised its capabilities to generate, for instance, content marketing copy based on past campaigns.

White Falcon Capital Management made the following comment about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2023 investor letter:

“There are comparable narratives involving NU Holdings, Amazon.com, Inc. (NASDAQ:AMZN), and Teck Resources, to name a few holdings from the White Falcon portfolio. Amazon constructed its logistics network and cloud computing infrastructure using yesterday’s currency, but it is poised to capitalize on this network with the inflated dollars of tomorrow. In essence, we believe we hold wonderful businesses with growing revenue streams and potential for operating leverage – all at reasonable valuations.”