10 AI Stocks on the Market’s Radar

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1.  Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 332

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 AI Stocks on the Market’s Radar. On December 5, Evercore ISI reiterated its “Outperform” rating on the stock with a $335.00 price target. The rating affirmation follows Amazon’ annual AWS re:Invent conference, pointing to increased confidence in AWS inflection and cloud upside.

*”We reiterate our Outperform rating and $335 PT on AMZN in the wake of our key takes from the annual AWS re:Invent conference.”

Key takes from the conference include that the AWS Unlock has been sustainable, and that its inflection up to 20% is real and not a one-time spike. The firm’s channel checks also reveal that AWS is likely to grow 20% or more in 2026.

The firm further addressed that supply constraints that were previously hindering AWS growth have largely been addressed. Moreover, technology is ramping with Trainium 3 now generally available, and demand for the cloud industry is also accelerating rapidly.

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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