Billionaire Ken Fisher’s Latest Portfolio: 5 Best Stocks to Buy

In this article, we will discuss: Billionaire Ken Fisher’s Latest Portfolio: 5 Best Stocks to Buy. For more stocks, you can head to Billionaire Ken Fisher’s Latest Portfolio: 10 Best Stocks to Buy.

5. Amazon.com, Inc. (NASDAQ:AMZN)

Fisher Investments’ Stake: $7.1 billion

eCommerce and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are up by 22% over the past year and by 12.2% year-to-date. It is one of the major players in the cloud computing industry and targets the needs of the AI sector via its computing infrastructure and Trainium custom AI chips. One of Amazon.com, Inc. (NASDAQ:AMZN)’s closest partners in the AI industry is AI lab Anthropic. The pair has deals in place where Anthropic will spend more than $100 billion to utilize the firm’s cloud computing services. For its part, Amazon.com, Inc. (NASDAQ:AMZN) will invest as much as $25 billion in Anthropic, with a large portion of the investment based on performance milestones.

Amazon.com, Inc. (NASDAQ:AMZN) has a forward P/E ratio of 25.64, which is lower than the total market’s forward ratio of 27.66. Truist discussed the firm on May 29th as it raised the share price target to $320 from $310 and kept a Buy rating on the stock. AWS revenue estimates and Amazon.com, Inc. (NASDAQ:AMZN)’s partnerships with Anthropic and OpenAI factored into the coverage.

Vulcan Value Partners discussed Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2026 investor letter:

“There were seven material detractors to performance: Ares Management Corporation, Ryan Specialty Holdings, Inc., Microsoft Corporation, Salesforce, Inc., UnitedHealth Group Incorporated, Amazon.com, Inc. (NASDAQ:AMZN), and SAP SE. Amazon reported strong results for its fiscal year and fourth quarter. During the fourth quarter, AWS’s revenue increased 24% and highly profitable advertising revenue grew 22%. AWS is benefitting from AI driven demand for its cloud services and its growth is accelerating. In addition, Amazon is aggressively building out its promising Leo satellite service that will compete with Starlink. As a result, Amazon’s capital spending is forecast to increase over 50% in 2026 to approximately $200 billion. We expect a solid return on this capital spending. Bears believe that Amazon is investing too much money in capital spending. Our view is that it is a darn good problem to have and that Amazon will become even more competitively entrenched as the leading cloud services provider in the world.”