10 Tech Stocks That Trump’s Fellow Republican Bought Amid Market Rout

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

Number of Hedge Fund Holders: 339

Amazon.com engages in multiple businesses, including advertising, subscription services, cloud services, and its most popular Amazon.com ecommerce platform. The company announces its quarterly earnings next week, and the stock is struggling leading up to the important day.

Wells Fargo reported yesterday that the company had paused leases on some data centers. The news is similar to what Microsoft reported earlier in the year. For context, this does not affect already signed leases, it is just a case of the company slowing down and delaying the execution of future leases.

Whether this development is concerning or not remains to be seen. The company itself is calling it routine capacity management. Meanwhile, analysts are also on the edge, with Raymond James downgrading the stock and cutting the price target from $275 to $195, citing China exposure as the main reason.

Morgan Stanley is also cautious, clearly saying that it may take some time before the investment bank can get some clarity on how the tariff threat is likely to play out. The bank has a price target of $245 on the stock.

While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some 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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