5 Best Stocks to Invest In According to Billionaire Ken Griffin

2. Amazon.com, Inc. (NASDAQ:AMZN)

Citadel’s Stake: $1.7 billion 

eCommerce and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are up by 11% over the past year and by 6.7% year-to-date. Its cloud computing division, AWS, scored a major win earlier this month when Pinterest announced that it planned to spend a whopping $4 billion through 2031 on the business. The deal also includes Amazon.com, Inc. (NASDAQ:AMZN)’s custom AI chips, which Pinterest intends to use to run language models and visual models to beef up its artificial intelligence capabilities. The firm is also busy making moves in the satellite internet industry, as it announced on May 29th that it would acquire Apple’s 20% stake in satellite company Globalstar.

Bank of America discussed Amazon.com, Inc. (NASDAQ:AMZN)’s shares on June 6th as it reiterated a Buy rating and a $310 share price target for the firm. The satellite business, called Amazon Leo, played a role in the coverage as BofA praised Amazon.com, Inc. (NASDAQ:AMZN)’s progress with it.

Baron Durable Advantage Fund discussed Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2026 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest retailer and cloud services provider. Shares declined 9.8% during the quarter after the company guided to $200 billion in fiscal year 2026 capital expenditures, above Street expectations. While we believe AWS revenue growth will accelerate meaningfully over the next two years, particularly as leading AI companies increase AWS usage, investors are concerned about the impact of sizable incremental investments on near-term profitability. Nevertheless, the company continues to expand operating margins across core North American retail, AWS, and international retail, driven by improved cost discipline and operational efficiencies. Over the longer term, Amazon has substantial room for growth in e-commerce, where it has less than 15% penetration of its total addressable market. Amazon also remains the clear leader in the large and growing cloud infrastructure market, with significant opportunities in application software, including enabling generative AI workloads while its full-stack approach, spanning silicon, systems, software, and developer ecosystem, and hence its competitive moat continues to widen. …” (Click here to read the full text)