The Best and Worst Dow Stocks

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

Number of Hedge Fund Holders: 339

Short Interest as of Apr 30, 2025: 0.75%

Amazon.com, Inc. is involved in the retail sale of consumer products, subscriptions, and advertising services. The company also sells and manufactures electronic devices.

Despite tariffs and economic uncertainty, artificial intelligence spending remains unaffected as the earnings season begins. According to Wedbush analysts, key hyperscalers like AMZN are well-positioned to gain from this trend. Analysts believe that during a turbulent IT spending backdrop, this investment area is anticipated to provide safety and certainty.

The company also reported strong quarterly earnings but remained cautious on the guidance in an uncertain economic environment. Prior to the earnings, Amazon executives showed confidence that demand for data centers driving artificial intelligence will continue, disregarding concerns that demand will slow down.

At the Hamm Institute for American Energy Conference in Oklahoma City, Amazon’s vice president of Global Data Centers, Kevin Miller said:

“We continue to see very strong demand, and we’re looking both in the next couple years as well as long term and seeing the numbers only going up.”

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