5 Best Growth Stocks to Buy Today According to Billionaire Ken Fisher

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

Latest Price To Forward Earnings Ratio: 38.46

Amazon.com, Inc. (NASDAQ:AMZN) is an eCommerce retailer and cloud computing company. It is also one of the biggest players in the A.I. market right now through its chips and software. On this front, the firm further expanded its A.I. capabilities in December 2023 after it partnered up with Bigbear.ai Holdings, Inc. (NYSE:BBAI) to bring the latter’s A.I. capabilities to its supply chain management systems.

For their third quarter of 2023 shareholdings, 286 out of the 910 hedge funds surveyed by Insider Monkey had held a stake in the company. Amazon.com, Inc. (NASDAQ:AMZN)’s largest shareholder in our database is Ken Fisher’s Fisher Asset Management due to its $5.2 billion investment.

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