10 Best NASDAQ Stocks to Buy According to Billionaires

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Funds: 339

Number of Billionaire Investors: 40

Value of Billionaire Holdings: $33,043,036,466

Amazon.com, Inc. (NASDAQ:AMZN) is another international technology company known for its E-commerce platform and cloud services. The company operates through a series of businesses including E-Commerce Platform, Amazon Web Services, Consumer Electronics and Devices, and Digital Content and Entertainment.

On April 2nd, Mark Shmulik from Bernstein maintained a Buy rating on the stock with a price target of $230. The analyst noted that the company posted revenues slightly above the consensus. The growth was driven by growth across stores, subscriptions, and advertising business. Shmulik noted that although Amazon.com, Inc. (NASDAQ:AMZN) has conservative guidance for the second quarter, however, the company has been able to maintain a stable demand for its retail and advertising segment.

During the fiscal first quarter of 2025, Amazon.com, Inc. (NASDAQ:AMZN) grew its net sales by 9% to $155.7 billion. The operating income also grew from $15.3 billion to $14.8 billion. In a major development, the company announced that it will be investing $4 billion investment through 2026 to expand its rural delivery segment. It is one of the best NASDAQ stocks to buy according to billionaires.

L1 Capital International Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2025 investor letter:

“The Fund has investments in three of the Magnificent 7: Amazon.com, Inc. (NASDAQ:AMZN), Microsoft, and a smaller position size in Alphabet. As noted, the market remains concerned about elevated capital expenditure, the returns the leading Cloud and AI service providers will earn on these immense levels of capex and, more recently, concerns on overall cloud and AI services demand as well as increasing general economic weakness. There are also increasing concerns that Alphabet’s competitive position in Search will not be as strong in an AI-centric world. More recently, trade policy concerns are pressuring all companies, and there have been huge equity market flows from short term investors derisking their portfolios as well as likely passive investor selling pressure. While operating conditions have weakened to some extent, at current share prices, all three businesses are trading well below our base case fair value range and offer highly attractive risk adjusted returns for investors with a longer-term investment horizon.”

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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