5 Cheap NASDAQ Stocks to Buy

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

Number of Hedge Fund Holders: 269

Amazon.com, Inc. (NASDAQ:AMZN) stock hasn’t done well this year given slower growth. For the fourth quarter, for example, Amazon.com, Inc. (NASDAQ:AMZN) expects sales of between $140 billion and $144 billion versus the consensus of $155 billion.

While sales have been slowing, many investors nevertheless regard Amazon.com, Inc. (NASDAQ:AMZN) stock as cheap given the growth potential of the company’s leading cloud business, Amazon Web Services. If AI services grow substantially in the future, demand for computing power in the cloud to process the AI could increase substantially too.