15 AI Stocks Surging on News and Analyst Ratings

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1.  Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 339

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. On May 19, TipRanks reported that DBS analyst Nashrullah Putra Sulaeman maintained their bullish stance on AMZN stock, giving a “Buy” rating. The firm’s buy rating stems from the profitability of its Amazon Web Services (AWS) segment and increased non-operating income, growing revenue, and a recovering retail segment.

The company’s strategic regionalization of its logistics network has lowered its delivery costs. Moreover, Amazon’s advertising segment is also gaining traction, promising growth in ad revenue and reflecting on its ability to leverage its e-commerce ecosystem effectively. Challenges, however, still exist. These include supply chain disruptions and regulatory challenges, amongst others. However, the company’s continued investment in artificial intelligence-driven cloud solutions and its dominant market position reinforce a positive outlook.

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: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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