Top 5 AI Stocks to Buy According to Billionaire Philippe Laffont

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

Number of Hedge Fund Holders: 353

Coatue Management Equity Stake: $1.65 Billion

Amazon.com, Inc. (NASDAQ:AMZN) is one of the top AI Stocks to buy according to billionaire Philippe Laffont. On June 29, Park Ha Biological Technology inked a strategic cooperation with Amazon.com Inc. (NASDAQ:AMZN) as part of its global expansion plan targeting the North American Personal care market.

The Chinese technology-driven skincare brand has already begun executing four key tasks, including store qualification registration, Amazon brand registry enrollment, and establishing a compliance framework. The launch on the Amazon platform is expected to broaden Park Ha Biological’s growth opportunities in the personal care sector.

The initiative is part of the company’s plan to capitalize on more than 310 active Amazon buyers each year, especially in the US market. Park Ha Biological expects Amazon to help it achieve international brand recognition and create new revenue opportunities while remaining committed to quality and transparency.

The collaboration comes on Amazon, announcing on June 25 plans to build India’s largest delivery-in-minutes network by scaling Amazon Now. The company plans to enable deliveries in over 300 cities across the country. Amazon Now is the fastest-growing eCommerce business unit in Amazon India’s history.

Amazon.com, Inc. (NASDAQ:AMZN) embeds artificial intelligence across its entire business—from cloud computing infrastructure and enterprise development tools to consumer devices and global logistics. Its AI efforts span foundation model development, customized AI chips, and highly automated retail and delivery operations.

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