10 AI Stocks Making Waves on Wall Street

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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 Making Waves on Wall Street. On June 25, Amazon-owned Ring announced that it is rolling out AI-generated summaries of footage captured by its doorbells and cameras in order to alert users of unusual or suspicious activities around their homes.

The tool will leverage artificial intelligence to generate text summaries of motion activity captured by Ring doorbells and cameras. These will then be displayed as phone notifications.

According to the company, Ring will only provide meaningful notifications like “A person is walking up the steps with a black dog,” or “Two people are peering into a white car in the driveway.”

In essence, these notifications will only be generated to describe the main subject triggering the alert. They will be “intentionally concise,” such that users can discern between what’s urgent and what’s not.

The new feature has begun rolling out in beta from Wednesday to Ring premium subscribers in the U.S. and Canada.

“We are just starting to scratch the surface of AI. I feel like we are back to the very early days of Ring again — I see unlimited potential for new experiences we can invent for our neighbors.”

– Jamie Siminoff, Ring’s founder and now Amazon’s VP of home security.

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 Getting Wall Street’s Attention and 10 AI Stocks in the Spotlight.

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