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Did Billionaire Chen Tianqiao Dump or Bet on Amazon.com, Inc. (AMZN)?

We recently compiled a list of the Billionaire Chen Tianqiao Dumped 3 Tech Stocks and Betting On These 4 Stocks. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against the other stocks.

Chen Tianqiao is a prominent Chinese entrepreneur and investor, best known for founding Shanda Interactive Entertainment, one of the leading internet and gaming companies in China during the early 2000s. Tianqiao also heads Shanda Asset Management, a hedge fund that managed more than $1.7 billion in 13F securities at the end of the third quarter of 2024. Through his innovative approach to technology and business, Chen has become one of the pioneers of the online gaming industry and a significant figure in the global tech and neuroscience communities.

Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.

Chen Tianqiao was born in 1973 in the Zhejiang province of China. Raised in a modest family, he excelled academically and earned admission to Fudan University, one of the top institutions in the Asian country, where he studied economics. His early years were marked by a strong interest in technology and business, which would later define his career. After graduation, Chen began his career in the investment arm of the state-owned conglomerate Jinjiang Group, where he honed his business and financial skills. However, his entrepreneurial ambitions led him to leave the corporate world and pursue opportunities in the burgeoning internet industry.

In 1999, Chen co-founded Shanda Interactive Entertainment with his wife, Luo Qianqian, and younger brother, Chen Danian. The company initially focused on developing and distributing multimedia content but quickly shifted its focus to online gaming. In 2004, Shanda became the first Chinese online gaming company to list on the NASDAQ stock exchange, raising $152 million. By the mid-2000s, Chen was one of the richest individuals in China, with Forbes naming him one of the wealthiest self-made billionaires under 40.

Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.

For this article, we selected stocks by combing through the 13F portfolio of Shanda Asset Management at the end of the third quarter of 2024. These stocks are also popular among other hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A customer entering an internet retail store, illustrating the convenience of online shopping.

Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 286   

Shanda Asset Management’s Stake: $186.3 million

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. There are multiple strengths that make this company a standout choice for investors. The first thing that may appeal to investors is the financial growth of the company, illustrated in the report for the third quarter of 2024. For instance, operating income increased to $17.4 billion in the third quarter, compared with $11.2 billion in the third quarter of 2023. Additionally, the International segment operating income was $1.3 billion, compared with an operating loss of $0.1 billion in the third quarter of 2023. Amazon Web Service (AWS) segment operating income was $10.4 billion, compared with an operating income of $7 billion in the third quarter of 2023. Moreover, AWS has announced plans to invest an estimated $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies.

Overall AMZN ranks 1st on our list of the stocks Billionaire Chen Tianqiao dumped and bet on. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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