Billionaire Mason Morfit’s 10 Stock Picks with Highest Upside Potential

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

Potential Upside: 30.69%

Number of Hedge Fund Holders: 338

Amazon.com, Inc. (NASDAQ:AMZN) is Mason Morfit’s key investment, with a $117.8 million stake making up 2.68% of his portfolio. Although it’s not his biggest holding, Amazon’s strong financials and long-term cloud and AI strategies make it a compelling part of Mason Morfit’s stock portfolio.

For Q1 ended March 31, 2025, Amazon.com, Inc. (NASDAQ:AMZN) posted a revenue of $165.7 billion, up 10% from last year, while operating income jumped 20% to $18.4 billion. The company’s free cash flow over the past year reached $25.9 billion, showing it is running efficiently. Amazon Web Services (AWS), its biggest asset, brought in $29.3 billion just this quarter and now operates at a $117 billion yearly pace. AWS’ operating income stayed strong at $11.5 billion. Meanwhile, Amazon’s ad business also grew, up 19% year-over-year to $13.9 billion in quarterly revenue.

Moreover, Amazon.com, Inc. (NASDAQ:AMZN) is continuously investing in future growth. On May 7, 2025, AWS announced it is putting $4 billion into its first cloud region in Chile, set to open in late 2026. This will be the company’s third spot in Latin America after Brazil and Mexico, helping support new tech like AI in the region.

However, tariffs might pose challenges for retail. Still, Amazon’s wide selection, competitive pricing, and dominance in everyday goods position it well. Its same-day delivery and automation investments give the company an edge in logistics.

With its core strengths in AI, ads, and cloud, Amazon.com, Inc. (NASDAQ:AMZN) remains a smart long-term bet in Morfit’s portfolio.