13 Best High Volume Stocks to Buy Now

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

Average Volume (3-Month): 50.98 million

Number of Hedge Fund Holders: 339

Amazon.com Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores. The company operates through three segments: North America, International, and Amazon Web Services/AWS. It also manufactures and sells electronic devices like Kindle, Fire tablets, and Fire TVs.

Stifel lowered the firm’s price target on Amazon to $245 from $248 on May 2 and kept a Buy rating. This was because of the company’s Q1 2025 results, which were better than expected despite AWS coming out marginally below expectations. The North America margins were also soft. Still, In Q1, AWS made $29.3 billion in revenue, which was up 17% year-over-year. This resulted in an annualized revenue run rate exceeding $117 billion for AWS.

The company’s AI business within AWS already has a multibillion-dollar annual revenue run rate and is experiencing triple-digit year-over-year growth. This can be exemplified by Amazon Bedrock, the company’s fully managed service for building GenAI applications, which continues to see iteration with the addition of foundation models like Anthropic’s Claude 3.7 Sonnet and Meta’s Llama 4.

Harding Loevner Global Developed Markets Equity Strategy stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2024 investor letter:

“During the quarter, we benefited from strong stocks within the Communication Services and Consumer Discretionary sectors. In Consumer Discretionary, Amazon.com, Inc. (NASDAQ:AMZN) reported strong third-quarter results. Revenue increased by double digits, led by growth in advertising and Al products, while the company’s operating margins also hit an all-time high of 11%. The key reasons for the higher margins were that its international e-commerce operations turned profitable, and there was faster growth in its high-margin cloud-computing business.”

While we acknowledge the growth potential of Amazon.com Inc. (NASDAQ:AMZN), our conviction lies in the belief that AI stocks hold great promise for delivering high 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.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.