Amazon.com, Inc. (NASDAQ:AMZN) is one of the Most Promising AI Stocks to Buy Right Now. On October 24, Wedbush analyst Scott Devitt lifted the price target on the company’s stock from $250 to $280, while maintaining a “Buy” rating on Amazon.com, Inc. (NASDAQ:AMZN)’s stock ahead of its Q3 earnings report. As per the analyst, the company’s long-term growth story is intact, thanks to a robust cloud backlog and significant investments in new data centers. Furthermore, the analyst highlighted the steady momentum in Amazon.com, Inc. (NASDAQ:AMZN)’s retail business and strength in advertising.

In a separate release, Accenture announced the expansion of its collaboration with Amazon.com, Inc. (NASDAQ:AMZN)’s AWS to deliver transformative digital services to public sector, defense, and national security organizations. Through Accenture AWS Business Group, the companies would be collaborating to create new solutions, which use cloud and AI services to reduce the operating costs, optimize resource allocation, and improve the quality of citizen services and defense capabilities.

Mairs & Power, an investment advisor, released the Q2 2025 investor letter. Here is what the fund said:

“The Fund also started a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, where the company is well positioned to continue capturing market share in retail while also growing its market leading cloud business. The Fund took advantage of weakness in the stock during April to start the position as tariff news and a precipitous market decline provided an opportunity to build a position.”

While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.