Amazon.com, Inc. (AMZN) Deepen AI Push with AWS – Pagerduty Transactions Power Global OPS Cloud

Recently I published a list Top 10 AI Stocks make headlines on Wall Street. In this article, we’ll take a look at where Amazon.com Inc. (NASDAQ: AMZN) has other top AI stocks headlined on Wall Street.

US President Donald Trump is strengthening global ties aimed at long-term cooperation. With his latest state, he announces Saudi Arabia’s $600 billion commitment to invest in the US on the first day of his four-day tour of the Gulf, paving the way for a string of business transactions. These transactions aim to enhance access to US energy security, defense industry, technology leadership, global infrastructure and critical minerals.

Read again: 9 AI stocks poised to profit from Trump’s Middle East AI push and 10 AI stocks move this week.

Most recently, the Commerce Department announced that it would withdraw President Joe Biden’s rules on exporting AI chips and instead implement “a much simpler rule.” Fast forward to Trump’s Gulf tour from Tuesday, with global political and business leaders gathering in Riyadh to discuss topics such as the artificial intelligence boom and world trade.

The elimination of Biden’s rules makes sense when White House officials say that the US doesn’t need to block the global expansion of AI chips and technology to control national security risks.

As is clear, President Donald Trump met with Saudi Crown Prince Mohammed bin Salman, and several deals were announced between the two countries, and Saudi Arabia benefited from dealings with top tech companies to advance the kingdom’s artificial intelligence. While Saudi Arabia has invested $600 billion in the United States, the White House has announced almost $142 billion in deals to provide the kingdom with weapons and services from US defense companies.

Nvidia CEO Jensen Huang has announced a deal to provide Saudi Arabia with high-end AI blackwell chips amid transactions made by other well-known companies such as AMD, Uber, Cisco and Amazon. Notable participants other than Huang include Elon Musk, Andy Jassy, ​​Sam Altman, President Ruth Porat, Arvind Krishna, Alex Karp and Cristiano Amon.

In this article, we selected AI stocks by conducting news articles, stock analysis and press releases. These stocks are also popular among hedge funds. Hedge Fund data was in the fourth quarter of 2024.

Why are hedge funds interested in the stocks they accumulate? The reason is simple. Our research shows that mimic the top stock picks of the best hedge funds can outperform the market. Quarterly Newsletter’s strategy was to select 14 small and large caps per quarter, returning 373.4% since May 2014, surpassing the benchmark by 218 percentage points (For more information, please see here).