5 Best Stocks To Buy According to AI

4. Amazon.com Inc (NASDAQ:AMZN)

Stock Performance Since ChatGPT Recommended The Stock Last Year: +88%

Amazon.com Inc (NASDAQ:AMZN) is one of the best stocks to buy according to AI. When Finder.com asked ChatGPT to recommend a stock portfolio, the AI technology added Amazon.com Inc (NASDAQ:AMZN) in its portfolio. Since March 6, 2023, when the finder.com experiment was published, Amazon.com Inc (NASDAQ:AMZN) shares have gained about 88%. AI has been one of the primarily growth catalysts for Amazon.com Inc (NASDAQ:AMZN) as Amazon.com Inc’s (NASDAQ:AMZN) AWS business is offering several AI-related features for companies and developers.

Alger Spectra Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its fourth quarter 2023 investor letter:

Amazon.com, Inc. (NASDAQ:AMZN) is a well-known online retailer and cloud computing leader. The company’s Amazon Web Services (AWS) business provides utility-scale cloud offerings that facilitate corporate America’s transition to digital systems. During the quarter, shares contributed to performance as Amazon reported strong fiscal third quarter results, where the company beat sales and earnings estimates. Moreover, AWS growth remained steady. contributing to Amazon’s better-than-expected operating income despite concerns around cloud cost optimizations, showing signs of increasing net new cloud workloads. While management noted that customers remain price-conscious and focused on deals, demand remains strong across all segments, leading the company to raise their fiscal fourth quarter revenue and operating income guidance.”