12 AI News and Ratings Investors Probably Missed

Page 11 of 11

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

Number of Hedge Fund Holders: 286

Amazon.com, Inc. (NASDAQ:AMZN) is a multinational tech company mostly known for its e-commerce business. It also offers a full AI stack, including custom processors and Amazon Bedrock for AI development.

On December 5, Keppel, a global asset manager, and operator, partnered with Amazon Web Services (AWS) under a multi-year agreement to collaborate on data centers, renewable energy, and AI solutions. The partnership, formalized during AWS re:Invent in Las Vegas, will see Keppel using AWS’s cloud services, including Amazon Bedrock, to advance its AI platform and operational capabilities.

Keppel will support AWS with AI-enabled data center capacity, renewable energy access, and enhanced connectivity via subsea cables like the Bifrost Cable System. It will also collaborate on sustainability efforts and develop an AI platform using AWS tools to boost efficiency and innovation in Keppel’s operations.

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.

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

Page 11 of 11