12 Best Innovative Stocks to Buy Now

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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 best innovative stocks to buy now. On September 17, Amazon.com announced that it is investing more than $1 billion to both raise pay and lower healthcare costs for its US fulfillment and transportation employees. The investment will push the average total compensation for these employees to over $30 per hour, which includes benefits.

The average hourly pay alone will increase to more than $23 per hour. Specifically, full-time employees are set to see their pay increase by an average of $1,600 per year. In addition to the pay raises, Amazon is lowering the cost of its entry-level healthcare plan, effective starting in 2026. The cost will drop to just $5 per week, with co-pays also set at $5.

This represents a 34% drop in the weekly contributions required from employees. At the end of last year, Amazon employed more than 1.5 million full-time and part-time employees, in addition to seasonal temporary workers and independent contractors hired for peak seasons like the crucial holiday rush. The announcement follows a period of worker tension.

Amazon.com Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores in North America and internationally.

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 the cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.

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