Billionaire Steve Cohen’s 10 Large-Cap Stock Picks With Huge Upside Potential

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

Market Cap as of April 24: $1.92 Trillion

Point72 Asset Management’s Equity Stake: $917.68 Million

Analysts’ Upside Potential as of April 24: 37.51%

Number of Hedge Fund Holders: 339

Amazon.com Inc. (NASDAQ:AMZN) is a multinational juggernaut boasting a highly diversified business empire spanning e-commerce, cloud computing, online advertising, and artificial intelligence. It is Steve Cohen’s biggest holding owing to its track record of growth in various segments and its ability to generate shareholder value.

Amazon.com Inc. (NASDAQ:AMZN) is one of the stocks hammered amid the broader stock market rout. The 21% sell-off in 2025 has already caught analyst attention. Raymond James has downgraded the stock to Outperform from Strong Buy and cut the price target to $195 from $275. The cut comes amid growing concerns that soaring macroeconomic headwinds, tariffs and the need to enhance investments in artificial intelligence will negatively impact Amazon’s earnings.

The fact that 30% of Amazon’s first-party gross merchandise volume and 15% of advertising revenue comes from China could pose significant risks, according to Raymond James. Amid the concerns, the tech giant is still well poised to capitalize on the growing demand for artificial intelligence services as a key provider of cloud offerings through Amazon Web Services. Additionally, as e-commerce continues to take a share from brick-and-mortar retailers, Amazon.com Inc. (NASDAQ:AMZN) should be the biggest beneficiary and a leading player in the sector.