5 Most Promising Growth Stocks to Buy Now

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

Stock Upside Potential: 31.85%

Expected 5-Year Earnings Growth: 21.61%

Number of Hedge Fund Holders: 353

Amazon.com, Inc. (NASDAQ:AMZN) is one of the most promising growth stocks to buy now. On June 8, Amazon.com, Inc. (NASDAQ:AMZN) completed the sale of C$14 billion ($10 billion) in investment-grade bonds in Canada. It marked the largest corporate bond offering in Canadian dollars, attracting C$28 billion in orders from investors amid strong global demand for Canadian bonds.

The US ecommerce giant offered senior unsecured notes across five tranches, with maturities ranging from 3 to 30 years, as part of the bond offering. The yield on the longest tranche is 1.10% above that of government bonds. The five-part bond deal affirms Amazon’s strategy to diversify its funding sources.

The capital raise comes as Amazon looks to pursue opportunities in artificial intelligence. The company has already announced plans to spend about $200 billion on data centers, chips, and other infrastructure related to cloud computing and AI . It has borrowed more than $70 billion since the start of 2025 to finance the expansion drive into new areas of growth.

Amazon.com, Inc. (NASDAQ:AMZN) operates as a global technology and e-commerce company. Its core businesses include the world’s largest online retail marketplace, Amazon Web Services (AWS) for cloud computing, consumer electronics like Echo devices, digital entertainment (Prime Video, Audible), and a massive global logistics and delivery network.

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Billionaire Lee Ainslie’s 10 Stocks with Huge Upside Potential and 10 Deep Value Stocks to Invest In Now.

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