Amazon.com, Inc. (AMZN): Billionaire Ray Dalio Is Loading Up On This Tech Powerhouse

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 15 Best Stocks to Buy According to Billionaire Ray Dalio.

Amazon.com, Inc. (NASDAQ:AMZN) has not been a consistent feature in the 13F portfolio of Bridgewater Associates, unlike other tech giants. Although the fund owned minor positions in the stock since 2014, it has not held onto them for more than three or six months. However, since the first quarter of 2024, Bridgewater has been building up a stake in the company. Filings for the fourth quarter of 2025 show that the fund owned nearly 2 million shares in the tech behemoth, representing an increase of more than 73% compared to the fillings for the third quarter of 2025.

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Amazon.com, Inc. (NASDAQ:AMZN) is often ranked number one or number two on the most-owned stocks by hedge funds, as tracked by Insider Monkey. You can read more about the latest rankings here. Some of the factors encouraging institutional ownership of Amazon include the AWS reacceleration story, high margin advertising momentum, an efficient logistics model post-pandemic, as well as a valuation gap with respect to peers. Another important indicator of the confidence that hedge funds have in the stock is that they are sticking to it despite the fact that Amazon plans to spend $200 billion in capital expenditure for 2026 amid the scramble for AI infrastructure build.

While we acknowledge the risk and potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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