13 Best Big Name Stocks to Buy Now

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

Number of Hedge Fund Holders: 328

Amazon.com, Inc. (NASDAQ:AMZN) is among the 13 Best Big Name Stocks to Buy Now. According to reports, the company has lost a key AWS vice president, as competition for tech talent heats up.

Vasi Philomin, who oversaw the development of generative AI and product strategy, told Reuters in an email he had left the job to join another company. An Amazon.com, Inc. (NASDAQ:AMZN) spokesperson confirmed Philomin’s exit, after eight years of service.

Philomin had helped create and lead the company’s Bedrock service, a vital product for AWS’s battle for AI supremacy, that served as a hub for using multiple AI models. He was also a frequent speaker at AWS events.

Companies across the tech industry are deploying unique and creative techniques to hire top AI talent, including sports industry data analysis, Reuters reported last month, which has resulted in compensation skyrocketing for these professionals.

Amazon.com, Inc. (NASDAQ:AMZN) says Rajesh Sheth, a vice president who previously oversaw Amazon Elastic Block Store, had assumed some of Philomin’s responsibilities. The spokesperson added that the company also has other vice presidents who work on AWS’ generative AI projects.

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.

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