Top 10 Trending Stocks to Watch Ahead of Nvidia Earnings

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1. Amazon.com Inc (NASDAQ:AMZN)

Number of Hedge Fund Investors: 328

Steven Dickens from HyperFrame Research said in a recent program on Schwab Network that he is “really bullish” on Amazon’s Cloud business amid new products and announcements. Here is what Dickens likes about the company:

“Some fantastic announcements coming out of Amazon.com Inc (NASDAQ:AMZN). They announced Kiro, which is their agentic IDE experience that puts them up against Windsurf and Cursor. They also announced Agent Core, which is their sort of curated experience for agents, announcements around Transform, some of their foundation models. So, I’m really bullish on where AWS is going in the AI space, but also then you look at the wider Amazon.com Inc (NASDAQ:AMZN). Prime Day 2025 is the biggest Prime Day ever. They’ve got 22% market share in streaming with Prime. They’ve now got somewhere between 220 and 240 million members for Prime membership. So, they’re also launching a satellite internet service with Kiper and just had their third successful launch. So, what I like about this company is just the sheer breadth and diversity of where it’s making its money.”

 Cooper Investors Global Equities Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its second quarter 2025 investor letter:

Amazon.com, Inc. (NASDAQ:AMZN) is a dominant, world-class company with powerful secular tailwinds in place including its e-commerce penetration, digital advertising growth, and the transition to the cloud. Amazon reported strong results during the f irst quarter. The company’s stock rebounded during the second quarter.”

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some 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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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