Amazon and HubSpot are well positioned to benefit as artificial intelligence (AI) spending soars.

Artificial intelligence (AI) expenditures added over one percentage point to U.S. economic growth in the first half of 2025, outpacing consumer spending, which has traditionally been the strongest driver. That momentum is likely to continue in the years ahead. AI spending across software and internet companies will grow more than 600% by 2028, according to Morgan Stanley .

While Nvidia and Palantir have been investor favorites where the AI trade is concerned, Amazon ( AMZN 0.23% ) and HubSpot ( HUBS 1.34% ) are also well positioned to benefit, and most Wall Street analysts think the stocks are undervalued today.

Among 71 analysts, Amazon has a median target price of $2

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