5 Stocks That Will Make You Rich Over the Next 3 Years

Page 5 of 5

​1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 353

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Stocks That Will Make You Rich Over the Next 3 Years. Recently, on June 24, Amazon.com, Inc. (NASDAQ:AMZN) announced that AWS and Nokia are expanding their partnership to help telecommunication operators run fully autonomous, AI-powered networks through the cloud.

​Management noted that the centerpiece of this collaboration is Nokia’s Autonomous Networks Fabric, which is running on AWS. The platform combines AI-driven orchestration, network assurance, anomaly detection, and unified inventory management. The partnership relies on core capabilities including unified data management, agentic AI for operations, digital twin simulations, and intent-based networking.

Management also noted that results from early development are notable as operators are reporting automation rates above 90%, service delivery times of four hours or less, and service interruptions of just one minute per year.

​That said, recently, on June 18, Bank of America Securities reiterated a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN) with a price target of $310. Earlier on June 11, Barclays also reiterated an Overweight rating on the stock with a $330 price target. Overall, the Street sees more than 40% upside from the current levels.

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.

Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services (AWS) division runs one of the world’s largest data center networks.

READ NEXT:  10 Good Stocks to Invest in Now and 10 Most Undervalued US Stocks According to Hedge Funds. 

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5
1281292 - 11759070 - 1