We recently published a list of 10 Trending AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other trending AI stocks on latest news and ratings.
Latest reports suggest that the United Kingdom is launching a Laboratory for AI Security Research (LASR) to strengthen national security and cyber defense in response to evolving threats in the AI arms race. Backed by an initial £8.22 million in government funding, LASR will unite industry, academia, and government experts to explore the impact of AI on security. This initiative complements the UK’s broader cybersecurity strategy, including the upcoming Cyber Security and Resilience Bill and the designation of data centers as critical infrastructure.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
The laboratory will adopt a catalytic model to attract further investment and collaboration. The announcement follows heightened global concerns about state actors leveraging AI for malicious purposes, such as North Korea’s use of AI for cyberattacks. Additionally, the UK government has also unveiled a £1 million incident response initiative to bolster allied cyber defense capabilities, highlighting AI’s dual potential as both a security risk and a tool for good.
READ ALSO: 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
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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 25, technology company IBM announced that it would be announcing a series of key AI partnerships with Amazon at the upcoming AWS re:Invent learning conference. These include the launch of the most powerful Granite AI models on the Amazon Bedrock and Amazon SageMaker JumpStart services, as well as various full-stack observability tools for leading Amazon AI platforms.
Overall, AMZN ranks 1st on our list of trending AI stocks on latest news and ratings. 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 doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.