5 Stocks Jim Cramer Thinks Are Climbing In This Market

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

Number of Hedge Fund Holders: 243

About 243 hedge funds were long Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter. Their total stake value was $25.8 billion.

According to Cramer, Amazon.com, Inc. (NASDAQ:AMZN) is yet another big-cap tech stock with a strong “individual” case, and an even stronger case of benefitting from the rise of AI.

As of June 2, Amazon.com, Inc. (NASDAQ:AMZN) is up by 43.06% year-to-date.

Analysts at Mizuho raised their price target on Amazon.com, Inc. (NASDAQ:AMZN) from $145 to $160 on May 23, and held a Buy rating on the stock.

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