10 Buzzing AI Stocks on Wall Street Right Now

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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 Buzzing AI Stocks on Wall Street Right Now. On July 1, Bernstein raised the firm’s price target on the stock to $235 from $230 and kept an “Outperform” rating on the shares. The modest price target raise follows firm expectations that constraints facing the stock will begin easing throughout the year.

As per the firm, AWS growth has decelerated sequentially in Q1 to +17% year-over-year. Meanwhile, AI contribution continued to expand at a triple-digit pace year-over-year from a relatively smaller base vs Azure.

The company continues to face supply constrained on chips, motherboards, and other components, similar to their CSP counterparts. This is why, despite strong demand indications, there is a near-term cap on topline growth.

The firm is positive that these constraints will ease throughout the year. In particular, a May 15th press release has highlighted more NVIDIA Blackwell GPUs coming online, implying that improvements may already begin in Q2.

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 Making Waves on Wall Street.

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