10 AI Stocks in the Spotlight

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

Number of Hedge Fund Holders: 328

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 AI Stocks in the Spotlight. On June 19, the company announced that Experian, a global data and technology company, has selected AWS as its preferred cloud. Experian will be leveraging AWS’s advanced cloud capabilities to offer faster and scalable solutions to deliver deeper insights and more secure data services to its customers.

The transition from mainframe computers and multiple on-premises servers to the cloud will help the company centralize its technology platforms in the cloud and use its data to enhance performance, scalability, and data-driven insights.

The two companies have partnered in a 10-year strategic agreement, with Experian choosing AWS as its strategic partner for generative artificial intelligence (AI) and developing more than 100 generative AI use-cases. The collaboration strengthens Experian’s ability to better serve clients and reinforce its leadership in data and technology.

“AWS is delighted to partner with Experian to unlock opportunities that drive innovation, increase agility, and accelerate their modernization. As they build intelligent data platforms, develop cutting-edge applications with generative AI, and gain real-time insights, Experian is demonstrating how organizations can reinvent their operations while maintaining security, compliance, and resilience at scale.”

-Scott Mullins, Managing Director, Worldwide Financial Services at AWS.

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.

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 have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks on Wall Street’s Radar and 10 Buzzing AI Stocks on Latest News and Ratings

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