10 Must-Watch AI Stocks on Wall Street

Page 9 of 9

1.  Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 328

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Must-Watch AI Stocks on Wall Street.  On July 11, Morgan Stanley reiterated the stock as “Buy” and raised its price target on the stock to $300 per share from $250. Amazon was reiterated as a top pick, with the firm stating that it sees a “more manageable tariff and geopolitical backdrop.” It also lifted its 2026 and 2027 EPS forecasts by 9% and 6%.

Analysts stated that they view Amazon Web Services as gaining speed again, owing to the growing contribution from AI startup Anthropic. This could bring in revenue of about $10 billion to $19 billion by 2027. Despite supply constraints, core cloud demand also remains strong.

A CIO survey also revealed that AWS is gaining share from rivals. The firm now projects AWS revenue growth of 17% to 18% annually through 2026, with margins near 37%.

“Today, we are re-raising our estimates as we adjust for the more constructive macro landscape with lower tariffs.”

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 Getting Wall Street’s Attention and 12 AI Stocks Making Waves on Wall Street. 

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9