Billionaire Rob Citrone’s Top 10 Stock Picks

3. Amazon.com Inc. (NASDAQ:AMZN)

Rob Citrone’s Latest Stake Value: $73,122,687

Number of Hedge Funds Holding Stakes: 338

Amazon.com Inc. (NASDAQ:AMZN) is a global technology and e-commerce giant. The conglomerate operates an online marketplace for shopping and provides cloud computing (AWS), streaming (Prime Video), smart devices (Alexa, Echo), and logistics services. It serves individual shoppers, businesses, content creators, and developers in every corner of the world.

Amazon.com Inc. (NASDAQ:AMZN) continues to advance its technological leadership with significant new offerings in artificial intelligence (AI). On April 8, the company introduced Amazon Nova Sonic, a foundation model that unifies speech understanding and generation into a single system. The model enables more human-like voice conversations in AI applications. Additionally, the company continues to strengthen its position in cloud services through strategic collaborations. On April 10, it entered a partnership with Safran, a global leader in aeronautics, to accelerate innovation in the aerospace industry using AWS cloud technologies and generative AI at scale.

On April 16, Cantor Fitzgerald reaffirmed an Overweight rating for Amazon.com Inc (NASDAQ:AMZN) but lowered its price target from $270 to $230, citing tariffs as a disruptive factor. Despite this, Amazon, with a $1.91 trillion market cap and 11% revenue growth over the past year, remains dominant and is expected to gain market share as consumers prioritize convenience and variety during economic downturns.