10 AI Stocks in the Spotlight This Week

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1.  Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 335

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 AI Stocks in the Spotlight This Week. On September 24, Amazon and SAP announced their plans to make SAP Sovereign Cloud capabilities available on the AWS European Sovereign Cloud.

The upcoming AWS European Sovereign Cloud is an independent cloud for Europe backed by a planned €7.8 billion investment from Amazon and will launch its first region in Brandenburg, Germany .

Building on the companies’ 16 year collaboration, the expanded partnership aims to combine SAP enterprise applications expertise with AWS cloud infrastructure to enable customers in highly regulated industries to accomplish AI innovation.

SAP Sovereign Cloud capabilities will include SAP Business Technology Platform and SAP Cloud ERP, allowing organizations to manage sensitive data, comply with laws, and innovate securely.

SAP Sovereign Cloud is already available on AWS in Australia, New Zealand, the UK, Canada, and India, with the extension to Europe seen as a considerable milestone.

“We’re delighted that SAP Sovereign Cloud capabilities will be available on the AWS European Sovereign Cloud. This will give organizations more choice in how they meet their sovereignty requirements while leveraging best-in-class cloud technologies. SAP and AWS share a mutual vision – we want to ensure that our customers have access to some of the most advanced sovereignty solutions available, so organizations can focus on innovation and driving tangible outcomes. We’re looking forward to our ongoing collaboration with SAP and seeing the ways that organizations across Europe will innovate with the AWS European Sovereign Cloud.”

-David Brown, vice president of Compute and Machine Learning at AWS.

Amazon.com Inc. (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.

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