12 AI News and Ratings Investors Are Watching Right Now

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 286

Amazon.com, Inc. (NASDAQ:AMZN) is at the forefront of AI development, leveraging the technology to revolutionize shopping, entertainment, and operational processes.

On December 20, Tigress Financial analyst Ivan Feinseth increased the price target for Amazon (NASDAQ:AMZN) to $290 from $245 and maintained a Buy rating on the stock. The firm believes Amazon is benefiting from strong retail trends, its use of generative AI, and its strong fulfillment network. Additionally, the integration of AI into all parts of Amazon’s business is seen as a positive factor. The updated price target represents an upside of 28.5% for Amazon, at the time of writing on December 23.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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