5 Best NASDAQ Stocks to Buy Now

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

Number of Hedge Fund Holders: 269

Amazon.com, Inc. (NASDAQ:AMZN) is a quality stock given its leading cloud business, Amazon Web Services, is growing rapidly. If AI applications increase in the future, demand for cloud processing could also increase, meaning potentially even more growth for Amazon.com, Inc. (NASDAQ:AMZN).

Although inflation has been a headwind for Amazon.com, Inc. (NASDAQ:AMZN)’s retail business’ growth, the company nevertheless has long term upside if it maintains its market share in cloud computing and e-commerce.