We recently compiled a list of 20 trending AI stocks with the latest analyst ratings and news. In this article, we’ll take a look at how Amazon.com, Inc. (NASDAQ:AMZN) stands compared to other AI stocks.
The latest trends in the AI industry from a business perspective highlight that it is fueled by significant investments, innovative product launches, and both regulatory and market challenges. One notable development is the rise of Safe Superintelligence, a company founded by former OpenAI mogul Ilya Satskeva. The company recently secured $1 billion in funding to advance its safety-focused AI systems. This significant funding from leading venture capital firms such as Andreessen Horowitz and Sequoia Capital comes as companies work to ensure that AI technology is powerful yet consistent with human values. This highlights growing concerns about the safety of AI. Similarly, Wall Street’s favorite GPU maker plummeted in the market following a stellar earnings report, resulting in a loss of nearly $280 billion in market value due to investor concerns about the sustainability of AI growth. concerns over regulatory oversight are further exacerbated.
To learn more about these trends, visit 33 Most Important AI Companies to Watch and 20 Industrial Stocks Already Riding the AI Wave.
Another major business development investors should keep an eye on is the acquisition of AirTrunk by investment firm Blackstone for more than $16 billion. Data center operator AirTrunk significantly advances investment giant’s position in the rapidly expanding AI infrastructure market. Data centers are expected to require up to $2 trillion in investment worldwide over the next five years to meet the demand for AI technology, and the acquisition of AirTrunk signals top investment managers’ strong confidence in this growth. It shows that you have . Data center expansion is critical as companies like OpenAI and Anthropic deploy enterprise-grade AI services that require vast amounts of computing power. For example, Anthropic recently announced Claude Enterprise, a powerful AI chatbot. It caters to organizations that require advanced features such as larger context windows and GitHub integration with the goal of streamlining business operations through AI.
To learn more about these developments, visit Goldman Sachs’ 10 AI Stocks to Watch and Beyond the Tech Giants: 35 Opportunities in Non-Technology AI.
our methodology
In this article, we selected AI stocks based on the latest news and analyst ratings. These stocks are also popular among hedge funds.
Why are we interested in stocks that hedge funds invest in? The reason is simple. Our research shows that by mimicking the top stock picks of the best hedge funds, you can outperform the market. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, outperforming the benchmark by 150 percentage points (Learn more ).
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Amazon.com Inc. (NASDAQ:AMZN)
Number of hedge fund holders: 308
Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sales, advertising and subscription services of consumer products through online and physical stores in North America and internationally. Amazon-backed generative artificial intelligence startup Anthropic is in talks to raise new funding valued at up to $40 billion, according to a new report from The Information. There have been similar signs recently for Anthropic’s rival OpenAI, which also plans to raise new funding in a round that values the startup at more than $100 billion. OpenAI is backed by Microsoft. In addition to Amazon, Anthropic is backed by technology companies like Google and Salesforce.
Amazon.com, Inc. (NASDAQ:AMZN) has hired Rohit Prasad, one of the people behind the popular Alexa assistant, to lead efforts to better compete with Amazon’s rival AI assistants in the AI space. Appointed. The world of technology, according to the Wall Street Journal. The report also claims that Amazon has placed thousands of people into new teams under Prasad to develop Alexa upgrades and other AI products for businesses.
AMZN ranks #3 overall on the list of trending AI stocks for the latest analyst ratings and news. While we see AMZN’s potential as an investment, we believe some AI stocks have the potential to deliver higher returns in a shorter time frame. If you’re looking for AI stocks that are more promising than AMZN but are trading at less than 5x P/E, check out our report on the cheapest AI stocks.
Read next: $30 trillion opportunity: 15 humanoid robot stocks to buy, according to Morgan Stanley and Jim Cramer, says NVIDIA has ‘become a wasteland.’
Disclosure: None. This article was originally published on Insider Monkey.
