2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 282
On June 23, Stifel analyst Brad Reback reiterated a Hold rating on the stock with a $415.00 price target. The rating affirmation follows Microsoft’s recent announcement of a 20-year power agreement with Chevron, Project Kilby.
While this long term power agreement with Chevron is a reflection of the growing need for electricity to support datacenter expansion, the firm has cautioned that the project remains years away from delivering power.
In the investor note, the firm noted how the project remains in the pre-construction phase and will remain that way until the Final Investment Decision is reached, sometime around year-end 2026.
As of now, the plan remains constrained to planning, environmental review, and permitting, with Chevron reportedly reserving manufacturing slots for major turbine equipment well in advance (according to a company press release in January 2025).
While Project Kilby is anticipated to provide first power delivery in year 2028, the investor firm cautioned that this should be considered the earliest possible timeline instead of a firm delivery date, or even longer. This, it added, depends on the regulatory environment and real economic value added.
Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 353
Despite shifts in Prime day expected to weigh on Q3 comparisons, one analyst firm expects Amazon to deliver a revenue beat in Q2. On June 18, BofA Securities analyst Justin Post reiterated a Buy rating on the stock with a $310.00 price target.
The firm noted how Prime Day is being held in June this year instead of July, which will be impacting year-over-year trends on a quarterly basis. This will shift a larger portion of sales into the second quarter. Amazon Prime Day 2026 kicked off on June 23 and will run as an extended four-day event through June 26.
Here are the firm’s estimates for the event:
On a like-for-like basis, we estimate 1P Prime Day GMV to grow 4.5% y/y to $11.6bn, while 3P GMV would grow 5.0% y/y to $10bn. In total, we project Prime Day GMV to grow approx. 5% to $21.6bn, slowing vs 55% in 2025 that was elevated from the shift to a 96hr window.
The firm believes that Prime Day is expected to generate an estimated $12.4 billion in incremental second-quarter merchandise volume and also about $8.5 billion in additional revenue as compared to normal sales during those days.
Overall, given strong retail sales data through May (see monthly BAC aggregated debit and credit card data), we think Amazon is on track to come in at or above the high end of 2Q rev guide of $199bn, though will have a material Prime Day comp headwind in 3Q.
Amazon.com Inc. (AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.
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