20 Best AI Stocks to Buy According to Analysts

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

Analyst Upside: 33.83%

Number of Hedge Fund Holders: 332

Amazon.com, Inc. (NASDAQ:AMZN) ranks among the best AI stocks to buy according to analysts. On December 16, BMO Capital retained its Outperform rating on Amazon.com, Inc. (NASDAQ:AMZN) and increased its price target to $304 from $300. The revision came in response to BMO’s cloud expert discussions with former AWS workers, one of whom had visibility to at least $4.7 billion in annual cloud spending, and disclosed accelerated cloud commitments.

BMO identified five major findings from its analysis: accelerated cloud commitments, agents enabling incremental cloud commitments, Claude as the development model of choice, AWS unlikely to build verticalized AI apps, and enterprise AI applications projected to expand by 2027.

Additionally, on December 9, Amazon.com, Inc. (NASDAQ:AMZN) announced that it plans to invest $35 billion in India throughout its operations by 2030. The company has already invested $40 billion, and the new $35 billion will add to that number.

The additional $35 billion investment will be used to expand Amazon.com, Inc. (NASDAQ:AMZN)’s operations, with an emphasis on AI-driven digitization, increased exports, and job creation.

Amazon.com, Inc. (NASDAQ:AMZN) is an American technology company that focuses on e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.

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