Motley Fool’s 5 High-Growth Stock Picks

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

Stock Upside Potential: 42.62%

Number of Hedge Fund Holders: 381

Motley Asset Management’s Equity Stake: $113.64 Million

Amazon.com, Inc. (NASDAQ:AMZN) is one of Motley Fool’s high-growth stock picks. On March 29, Amazon.com, Inc. (NASDAQ:AMZN) cloud unit inked a strategic agreement to become a leading cloud provider of TGS, a provider of energy data and intelligence. The agreement is poised to strengthen ties as TGS has already migrated petabytes of data to the Amazon Web Services cloud.

TGS settled on AWS as its preferred cloud provider owing to its high-performance computing and generative artificial intelligence capabilities. The energy data company is to leverage the solution to transform how the energy industry explores and extracts resources. It will also build solutions on AWS to accelerate its AI/ML-driven seismic imaging and analytics.

Currently, TGS leverages Amazon Elastic Compute Cloud to execute parallelized workloads scaling to millions of CPUs to achieve rapid turnarounds. According to Uwem Ukpong, vice president, AWS Industries, TGS settling on AWS affirms how industry leaders are increasingly leveraging cloud computing and generative AI to transform energy exploration.

Amazon.com, Inc. (NASDAQ:AMZN) is a global technology company focused on e-commerce, cloud computing, digital streaming, and artificial intelligence. It operates the world’s largest online marketplace, provides extensive logistics and fulfillment services, and runs Amazon Web Services (AWS), the leading cloud infrastructure platform.