Top 15 AI Stocks Taking Wall Street by Storm

Page 14 of 14

1.  Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 328

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Top 15 AI Stocks Taking Wall Street by Storm. On August 5, Amazon Web Services, Inc. (AWS), an Amazon company, announced the general availability of Amazon Elastic VMware Service (Amazon EVS) to enable customers to run VMware workloads on AWS infrastructure.

WIth Amazon EVS, customers will be able to run VMware Cloud Foundation on AWS without the need to re-platform or re-factor their applications. They will also be able to use familiar VMware tools to control and customize their virtualization stack while accessing AWS cloud capabilities.

The service supports license portability, enabling customers to run their VMware workloads alongside other applications in AWS. The Amazon EVS can be self-managed or via partners from the AWS Partner Network.

“Since 2016, enterprises have trusted AWS to run their most mission-critical VMware workloads, and today, we’re expanding our VMware portfolio by giving customers even more flexibility, control, and choice. Amazon Elastic VMware Service offers customers a straightforward way to bring their VMware workloads to AWS using the tools they know and trust, plus an easy onramp to the breadth of AWS services to help them increase agility, reduce costs, and accelerate innovation.”

-Steven Jones, general manager of Commercial Applications at AWS.

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

While we acknowledge the potential of AMZN as an investment, 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 this cheapest AI stock.

READ NEXT: 10 AI Stocks in the Spotlight Today and 10 AI Stocks Analysts Are Tracking Closely

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 address below.

Page 14 of 14