9 AI News Updates That Analysts Are Monitoring

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

Number of Hedge Fund Holders: 286  

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. On November 29, news platform CNBC reported that Amazon was using generative AI to drive more same-day shipping as the holiday season got into full swing. Per the news platform, AI was helping the tech giant make use of smarter robots and better routes for this purpose. In recent years, the company has been at the forefront of shortening package delivery timelines. The same-day delivery that the firm champions is now the standard across the industry.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than Amazon.com, Inc. (NASDAQ:AMZN) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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