1. Amazon.com, Inc. (NASDAQ:AMZN)
Short Float: 0.94%
Amazon.com, Inc. (NASDAQ:AMZN) is one of the best AI advertising stocks to buy, with an upside potential of 34.14%.
On June 15, 2026, Amazon.com, Inc. (NASDAQ:AMZN) announced plans to invest $10 billion in Montgomery County, Missouri, to build a new data center campus. The project is expected to create more than 400 full-time data center jobs and thousands of construction jobs, while generating over $7 million in community contributions. Local officials estimate the investment will produce hundreds of millions of dollars in new property tax revenue over the next 25 years.
The project builds on Amazon.com, Inc. (NASDAQ:AMZN)’s existing footprint in Missouri, where the company already employs more than 10,000 people across fulfillment and sortation centers, delivery stations, Rural Super Rural delivery stations, and Whole Foods Market locations. Of the $7 million in community contributions, $3 million will support emergency dispatch services in Montgomery County, more than $1 million will fund a new gathering space at the County Fairgrounds, and an additional $3 million will go toward community programs.
Amazon.com, Inc. (NASDAQ:AMZN) is also launching a $150,000 Community Fund to provide grants for local projects.
Amazon.com, Inc. (NASDAQ:AMZN) said it has worked with Ameren Missouri, the local electric utility, and will cover 100% of the costs to provide electric service to the new campus, including all grid connection costs, with no rate incentives or discounts. Separately, the company is partnering with agricultural technology firm Arable Labs to help Missouri farmers improve irrigation efficiency and reduce unnecessary watering, a step expected to cut water use by 100 million gallons.
Amazon.com, Inc. (NASDAQ:AMZN) said the investment builds on Missouri’s growing role in the digital economy and supports rising global demand for secure, reliable, and scalable cloud computing infrastructure.
Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services (AWS) division runs one of the world’s largest data center networks.
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: 10 Best Commodity Stocks to Buy in 2026 and 10 Best AI Infrastructure Stocks to Buy According to Hedge Funds.
Disclosure: None. 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 below.
