15 Best Stocks to Invest In According to Billionaire D.E. Shaw

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

Stock Performance (end of Q2 to October 28): 3.65%

Number of Hedge Fund Holders: 335

D .E. Shaw Equity Stake: $853.93 Million

Amazon.com Inc. (NASDAQ:AMZN) is one of the best stocks to invest in, according to billionaire D.E. Shaw. On October 31, Oppenheimer increased its price target for Amazon.com Inc. (NASDAQ:AMZN) from $245 to $290, maintaining its Outperform rating after the company’s latest quarterly results. The firm highlighted Amazon Web Services (AWS) as a key driver.

Oppenheimer also noted a more optimistic tone around AWS, with much of the earnings call centered on cloud services, artificial intelligence, and chip development. The upbeat commentary suggests growing confidence in Amazon’s long-term tech strategy.

On October 30, Amazon reported better-than-expected earnings, driven by strong growth in its cloud business and rising demand for AI services. Earnings per share came in at $1.95, beating the $1.56 estimate. Revenue grew 13% to $180.2 billion, topping forecasts. AWS sales rose 20% to $33 billion, marking its fastest growth since 2022, helped by increased AI usage. Last quarter, AWS grew 17.5%, which had disappointed some investors.

Amazon.com Inc. (NASDAQ:AMZN) is a multinational technology company with a diversified business model that spans e-commerce, cloud computing, digital streaming, and artificial intelligence.  It’s also involved in healthcare through Amazon One Medical, which offers both virtual and in-person primary care memberships and a pay-per-visit telehealth model.

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