Top 5 Stocks to Buy According to Whale Rock Capital Management

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

Whale Rock’s Stake Value: $378,934,561

Stock Upside: 34.26%

Number of Hedge Fund Holders: 353

Amazon.com Inc. (NASDAQ:AMZN) is one of the top stocks to buy according to Whale Rock Capital Management. On July 1, NiCE, a leader in CX AI, announced that Amazon Web Services, Inc. (AWS), a component of Amazon.com Inc. (NASDAQ:AMZN), had selected the company as a launch partner for the AWS European Sovereign Cloud. This is a newly established independent cloud region built specifically for Europe.

As part of the deal, NiCE will make its agentic AI-powered customer experience platform, CXone, available within this sovereign cloud environment. The goal is to allow European businesses in regulated industries to use AI-driven customer service tools while keeping their data within EU borders.

NiCE said the collaboration is particularly aimed at organizations in heavily regulated sectors such as the public sector, financial services, and healthcare. In these areas, strict rules govern how customer data can be stored, processed, and moved. NiCE added that the setup will enable businesses to deploy NiCE’s AI agents, real-time copilots, workflow automation, and AI-driven analytics tools.

Dorothy Copeland, NiCE’s Chief Partner Officer, said the company’s AI is built specifically for organizations that cannot compromise on reliability, security, and compliance. She added that extending it to AWS’s sovereign cloud lets Europe’s most regulated organizations adopt advanced AI while meeting their sovereignty requirements.

Commenting on the development, independent analyst Oru Mohiuddin of IDC noted that sovereign cloud environments are shifting from being a mere compliance checkbox to becoming a genuine driver of innovation. The driver for this change is organizations increasingly wanting systems that satisfy data rules while still delivering modern AI capabilities, Mohiuddin said.

Amazon.com, Inc. (NASDAQ:AMZN) is a retail and technology company. It engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores. The company also operates Amazon Web Services, which provides compute, storage, artificial intelligence, database, analytics, and machine learning services.