Amazon (AMZN): Top High-Flying AI Stock to Buy

Amazon.com, Inc. (NASDAQ:AMZN) is among the 10 High-Flying AI Stocks to Buy.

On April 9, Evercore ISI reiterated its Outperform rating on Amazon.com, Inc. (NASDAQ:AMZN) with a $285 price target, highlighting key insights from CEO Andy Jassy’s annual shareholder letter. The firm pointed to AWS’s AI revenue run rate exceeding $15B, alongside a rapidly growing custom chip business generating over $20B annually, as evidence of Amazon’s deepening leadership in AI infrastructure. Additional drivers—including expanding satellite deployments, accelerating e-commerce engagement, and strong growth in same-day delivery—underscore the company’s multi-faceted growth engine.

On the same day, Amazon.com, Inc. (NASDAQ:AMZN) announced plans to invest $25B in data center infrastructure in Mississippi, further expanding its AI and cloud computing capabilities. The investment will create thousands of high-skilled jobs and significantly enhance regional computing capacity, reinforcing Amazon’s commitment to scaling its infrastructure to meet rising demand. This level of capital deployment highlights the company’s aggressive positioning in the AI arms race.

Amazon.com, Inc. (NASDAQ:AMZN) is a global technology leader operating across e-commerce, cloud computing, digital streaming, and artificial intelligence. Headquartered in Seattle, the company’s AWS division is a dominant force in cloud infrastructure and AI services. With accelerating AI adoption driving demand for compute, storage, and logistics optimization, Amazon’s scale, innovation, and diversified business model position it as a cornerstone investment in the AI-driven digital economy.

While we acknowledge the risk and potential of 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 time frame. If you are looking for an AI stock that is more promising than AMZN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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