12 Best Autonomous Driving Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 332

Analysts’ Upside Potential as of January 31: 22.12% 

Amazon.com, Inc. (NASDAQ:AMZN)  is among the Best Autonomous Driving Stocks. 

Saks Global, a bankrupt retailer, is terminating its “Saks on Amazon” deal with Amazon.com, Inc. (NASDAQ:AMZN), according to a source quoted by Reuters on January 31. The ruling comes after Saks invoked its right to reject the deal and filed for Chapter 11 earlier this month. Saks will close the store to concentrate on other areas of expansion. The insider claimed that Saks preferred to drive visitors to Saks.com and that brand participation in the Amazon storefront was limited. The firm stated its luxury site will continue to carry high-end brands, but Saks declined to comment.

The collaboration began in 2024, when the corporation invested $475 million in Saks and required Saks to shell out at least $900 million over eight years. Saks offered its Fifth Avenue flagship as collateral for a $1.75 billion loan, despite having previously supported partnership payments, as stated by Amazon.com, Inc. (NASDAQ:AMZN)’s attorney, who claimed that the relationship had soured following the bankruptcy. Luxury labels also opposed the transaction, citing brand dilution at a court hearing.

Amazon.com, Inc. (NASDAQ:AMZN) is a renowned online retailer and marketplace for third-party sellers.

While we acknowledge the potential of AMZN to grow, 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: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None.  12 Best Autonomous Driving Stocks to Buy Right Now  is originally published on Insider Monkey. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

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