1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 335
Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks Jim Cramer recently talked about. Cramer discussed the company in detail during the episode and said:
“First, the Chaitable Trust takes a long-term view, longer than the periods that Andy Jassy took over as CEO after running the incredibly successful Amazon Web Services… I make it clear (in How to Make Money in Any Market) that as long as you still like what the company does, and I sure do with Amazon Prime, proud Prime member, as long as you think it’s a valuable part of your life, and Amazon is probably the most valuable service I use, as long as you find it reliable and trustworthy, and I don’t know of a more reliable and trustworthy service in my life… then you want to stick with it… I am a huge believer that Amazon stock will eventually catch up with my judgment…
I think when Amazon reports on Thursday, we’ll see Amazon Web Services actually pick up its growth rate. Right now, it’s at 17.5%. Some think that’s disappointing. If it gets closer to 20%, well, guess what? I’ll look darn smart. The stock will climb because it’s that division that seems to be all anyone cares about… I like that Amazon’s never done trying to make you money… Now, you could argue that Amazon’s been slow to rationalize. I’d say that they took their time to get it right. Now they’re firing people because they figured out how to make the remaining workforce more productive using AI.”
Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores, provides advertising and subscription services, operates Amazon Web Services for cloud computing, develops electronic devices, produces media content, and offers programs supporting third-party sellers and content creators.
While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.
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