10 Trending AI Stocks on Wall Street

1.  Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 328

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Trending AI Stocks on Wall Street.  On August 1, TD Cowen analyst John Blackledge raised the price target on the stock to $255.00 (from $250.00) while maintaining a “Buy” rating.

The rating affirmation follows Amazon’s second-quarter results on July 31^st, exceeding expectations. AWS growth was largely in-line with expectations despite AI capacity constraints.

“AMZN 2Q25 rev was 3% above cons, incl NA / Int’l beats of +2.5% / +7%; AWS rev grew 17.5% y/y, largely in line amid ongoing AI capacity constraints, while adv beat cons by 5%. Op Inc beat consensus by 14% despite AWS miss on higher ad rev and cont’d lower cost to serve. 3Q25 rev and Op Inc guide were +3.6% and +5.2% vs cons (high end). We raised LT ests, maintain Buy, PT to $255. Shares (6%) AH.”

The firm has raised its total revenue forecast by 2.4% for 3Q25 after the results and outlook. It maintained a Buy rating and $255 price target.

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.

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