Is Amazon.com (AMZN) The Best Tech Stock to Buy For Long-Term Gains?

We just covered the 10 Best Stocks to Buy According to Billionaire Ken Griffin. Amazon.com, Inc. (NASDAQ:AMZN) ranks #2 (see the Best Stocks to Buy According to Ken Griffin).

Ken Griffin’s Stake Value: $3,263,557,286

Despite Azure and Google Cloud catching up, AWS still owns 32% of the global market, maintaining a lead over Azure’s 22% and staying nearly three times larger than Google Cloud’s 12% share.

But how does Amazon.com (NASDAQ:AMZN) benefit from the AI revolution?

While everyone else is fighting over expensive NVIDIA chips, AWS has built its own: Trainium3 and Inferentia2. AWS touched a $10 billion annual run rate just from its own AI chips. Why are these chips special? Amazon.com (NASDAQ:AMZN) claims they allow customers to train models at a much lower cost than using NVIDIA GPUs.

Amazon.com’s (NASDAQ:AMZN) core e-commerce business remains its biggest growth driver. Amazon.com (NASDAQ:AMZN) commands 40% of the U.S. e-commerce market share.

Montaka Global Investments in its investor letter talked about AMZN and said investors should keep in mind that temporary underperformance is a “feature,” not a bug, when it comes to quality stocks. Click here to read the full text of the letter.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.