12 AI Stocks Every Investor Should Be Watching

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

Number of Hedge Fund Holders: 328

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 12 AI Stocks Every Investor is Watching. On June 14, the company disclosed in a blog post that it will invest A$20 billion ($12.97 billion) from 2025 to 2029 to expand, operate, and maintain its data center infrastructure in Australia with the aim of boosting the nation’s artificial intelligence capabilities.

The investment, said to be Amazon’s largest global technology commitment in the country, will be directed toward new server capacity and support for generative AI workloads. It is also investing in three new solar farms in Victoria and Queensland.

“Amazon Web Services’ $20 billion investment in data centres in Australia will set us up for the future, boosting our economy and productivity. This is a huge vote of confidence in the Australian economy.”

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 on Wall Street’s Radar and 10 Buzzing AI Stocks on Latest News and Ratings

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