1. Amazon.com Inc. (NASDAQ:AMZN)
Amazon.com, Inc. takes the top spot among these American AI stocks based on hedge fund ownership, with 381 hedge funds reported to hold positions in the company. The stock recently traded at $272.68, with a potential upside of 15.15%. While most consumers still know Amazon primarily as an online retailer, the company has become much bigger than e-commerce. It is also a global technology giant with major operations in cloud computing, logistics, digital streaming, advertising, artificial intelligence, fulfillment, and enterprise services.
Amazon’s AI story is broad because artificial intelligence can support almost every major part of its business. In e-commerce, AI can improve product recommendations, pricing, inventory, delivery routes, fraud detection, customer service, and advertising. In logistics, AI can optimize fulfillment, supply chains, shipping, and warehouse operations. In Amazon Web Services, AI can help businesses build and deploy machine learning models, generative AI tools, and cloud-based applications. This makes Amazon one of the most diversified AI plays in the U.S. stock market.
On May 5, Amazon announced that its Amazon Business platform now offers same-day delivery of fresh, perishable groceries to business customers across the country. The service is available in more than 2,300 cities and towns across the United States. This may sound like a grocery story at first, but the deeper investment angle is logistics, business purchasing, and operational convenience.
Amazon said the new service follows a strong customer response to its consumer fresh grocery delivery. By expanding the offering to business customers, Amazon is making its platform more useful for offices, schools, hospitals, restaurants, small businesses, organizations, and other workplaces that need both everyday supplies and fresh groceries.
Amazon Business Vice President Shelley Salomon said the company is continuously innovating to make business buying simpler, faster, and more cost-effective for customers. She added: “Our customers have been asking for an easier way to order fresh groceries alongside the everyday business essentials they rely on to run their operations. By adding fresh groceries to the already expansive selection Amazon Business offers, organizations can now combine items like copy paper and printer ink with milk, fruit, and other breakroom staples—check out with a single cart, and have everything delivered to their workplace within hours.”
That quote shows the real strategy. Amazon wants to become a one-stop procurement platform for business customers. Instead of forcing companies to order office supplies from one vendor, breakroom items from another, and groceries from another, Amazon Business wants to combine everything into one cart and deliver it quickly. AI and automation can make that system even more efficient through demand forecasting, inventory management, route optimization, and personalized purchasing recommendations.
On May 4, Amazon also announced the launch of Amazon Supply Chain Services, or ASCS. This extends its portfolio of freight, distribution, fulfillment, and parcel shipping solutions to businesses of all types and sizes. This is another important expansion because Amazon is turning parts of its internal logistics machine into external services for other companies.
That matters because Amazon has spent decades building one of the most sophisticated logistics networks in the world. If it can package that infrastructure into services for outside businesses, it can create another layer of enterprise revenue. AI can make this more powerful by improving supply chain visibility, warehouse efficiency, transportation planning, and fulfillment speed.
According to 73 analyst ratings compiled by CNN, 92% rated Amazon a Buy, while 8% rated it Hold. The average price target was $315, representing a 15.15% upside from the referenced current price of $273.55. While that upside is not the highest on this list, Amazon’s combination of scale, cloud computing, logistics, AI, advertising, and consumer reach gives it a durable long-term investment profile.
Amazon Web Services remains one of the most important parts of the AI story. AWS gives businesses cloud infrastructure, data tools, machine learning services, and AI development capabilities. As more companies build AI applications, train models, run inference workloads, and modernize their technology stacks, AWS remains one of the central platforms competing for that demand.
Amazon also has AI opportunities across advertising and retail media. Its advertising business can use AI to improve targeting, campaign optimization, and seller performance. Its marketplace can use AI to help merchants manage listings, pricing, inventory, and customer engagement. Its logistics network can use AI to improve delivery accuracy and reduce costs. Its streaming business can use AI for recommendations, content analysis, and ad delivery.
What makes Amazon especially powerful is the way its businesses connect with one another. E-commerce generates customer behavior data. AWS supports enterprise AI adoption. Advertising monetizes traffic and purchase intent. Logistics supports fulfillment and supply chain services. Amazon Business expands procurement. AI can sit across all of these layers and make the entire ecosystem more efficient.
For investors looking for the top American AI stocks to buy now, Amazon remains a serious contender because it is not dependent on only one AI product. Its artificial intelligence exposure is spread across cloud computing, logistics, retail, advertising, procurement, and enterprise services. That diversification may make Amazon less flashy than some pure-play AI stocks, but it also makes the company more resilient.
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Disclosure: No material interests to disclose. This article was originally published on Global Market Bulletin.
