12 Best Major Stocks to Buy According to Billionaires

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

No. of Billionaire Holders: 40

No. of Hedge Fund Holders: 339

Amazon.com, Inc. (NASDAQ:AMZN) is a leading technology company with the largest e-commerce network and cloud computing business in the world. Amazon is engaged in various businesses, from services including digital streaming to AI solutions, and more.

Amazon.com, Inc. (NASDAQ:AMZN) surpassed both revenue and earnings estimates in the first quarter of 2025. The company posted revenue of around $155.67 billion, up from an estimated $155.12 billion. The adjusted earnings were around $1.59, exceeding estimates by $0.23. The strong quarterly results were driven by high demand for AWS, which saw a 17% year-over-year growth, recording a $117 billion annualized revenue run rate. The company’s advertising revenue came in at $13.9 billion, growing by 19% from a year ago.

On May 12, Bank of America analyst Justin Post reiterated a Buy rating on AMZN with a price target of $230. The analyst pointed out that despite Azure getting traction in Q1, AWS sales remain intact.

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 has gone up since the beginning of 2025, while popular AI stocks have 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 Invest In According to Billionaires.

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