Top 10 AI Stocks Dominating the Market Right Now

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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 6, Evercore ISI named Amazon a “Top Pick”, stating that it is very bullish on Amazon Web Services. Analyst Mark Mahaney said that investors are underestimating the AI boost Amazon is going to get moving forward. He stated that the shares are attractively valued right now following a nearly 15% pullback over the past month. Currently, he has a “Buy” rating on the stock with a $270 price target.

“Shares traded off on the Q4 print, but we viewed that as an Expectations Correction and not a Fundamentals correction.”

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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