Top 5 Generative Artificial Intelligence Companies to Invest In

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

Number of Hedge Fund Holders: 243

Being the biggest player in the Cloud market gives Amazon.com, Inc. (NASDAQ:AMZN) a huge advantage in the software segment related to generative AI. As companies plan launching new generative AI applications, they need the required Cloud resources and scalability solutions. This is where Amazon.com, Inc. (NASDAQ:AMZN) comes in. The company recently announced Amazon Bedrock and Amazon Titan services that are specifically useful for generative AI applications.

Amazon.com, Inc. (NASDAQ:AMZN) is one of the most popular stocks among elite hedge funds as of the end of the first quarter, Insider Monkey’s database shows. A total of 243 hedge funds had stakes in Amazon.com, Inc. (NASDAQ:AMZN) at the end of March. The biggest stakeholder of the company is Harris Associates of Natixis Global Asset Management with a $2.4 billion stake.