10 Trending AI Stocks on Wall Street’s Radar

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1.  Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 335

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Trending AI Stocks on Wall Street’s Radar. On October 6, Monness analyst Brian White has maintained a Buy rating on the stock citing its robust market position and innovation.

According to White, competitive pressures in the cloud sector, particularly AI, exist. However, Amazon is effectively coping up with its scale and technological leadership.

Strategic initiatives such as Prime Big Deal Days are likely to ramp consumer engagement and sales particularly during the holiday season. Moreover, Amazon is also expanding its AI tools, while its grocery benefits for Prime members are also helping boost its value proposition.

Amongst these positives, regulatory risks still exist, including the FTC settlement. Nevertheless, the overall outlook for the stock is positive which is why the firm maintains its Buy rating.

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.

READ NEXT: 10 AI Stocks Every Investor Should Watch and 10 Buzzing AI Stocks on Wall Street.

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