Steve Cohen Stock Portfolio: Top 5 Stock Picks

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

Market value of shares owned: $1,032,807,598

% of portfolio: 1.32%

Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.

On May 21, 2026, Amazon.com, Inc. (NASDAQ:AMZN)’s Indian online marketplace, Amazon.in, announced plans to add over 100 premium beauty brands to its platform in 2026. The plan covers global names like Dolce & Gabbana, Laura Mercier, and Urban Decay. Amazon’s premium beauty segment is driven upward by an international transition toward global trends, which resulted in a 50% year-over-year growth for the segment. Notably, more than 50% of this demand originates from India’s Tier 2 and Tier 3 cities like Thrissur and Dehradun. To support this scale, Amazon.in has already optimized its logistics, delivering half of all top-100-city beauty orders within 24–48 hours.

In another development, on May 22, 2026, Amazon.com, Inc. (NASDAQ:AMZN)’s Amazon India also reported double-digit YoY growth for its 2026 Great Summer Sale. Rising temperatures and premiumization were attributed to the growth. Premium smartphones and AI-enabled large appliances led the surge, with Tier 2 and Tier 3 cities driving 1.7X growth in premium appliance demand. The company also noticed a surge in its AI usage, as consumers increasingly utilized embedded AI tools like Rufus and Lens AI for product discovery.

Founded in 1994, Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. The Washington-based company has invested heavily in vertical integration by designing its own specialized microprocessors, including Trainium and Inferentia, to scale AI models efficiently.

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