Top Investors’ Thoughts On These Trending Tech Stocks

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Amazon.com, Inc. (NASDAQ:AMZN) and EMC Corporation (NYSE:EMC) are trending after Amazon kicked off its annual AWS re:Invent developer conference, while the Wall Street Journal reports that Dell Inc and Silver Lake are in advanced talks to acquire EMC. Shares of Amazon are down by 0.47% in pre-market trading, with shares of EMC gaining 6.3%. Let’s put the two stocks under the microscope and see what the world’s top investors think of the two companies.

Amazon.com, Inc. (NASDAQ:AMZN), icon, app, mobile screen, shop, logo, website, sign, symbol

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Amazon.com, Inc. (NASDAQ:AMZN)‘s shares are up by 74% year-to-date as Amazon Web Services (AWS), the company’s infrastructure as a service division, continues to grow. Amazon Web Services delivered operating margins of 21%, segment operating income of $391 million, and revenue growth of 81% year-over-year in Amazon’s latest quarterly results. With its latest developer conference, Amazon isn’t standing still. The company is launching new cloud database options to target current database king Oracle Corporation (NYSE:ORCL). Andy Jassy, head of AWS, said:

“The technology area that’s been slowest to adapt to the cloud, that’s still steeped a little bit in the old world, is the database space. What that means for customers is that they’re paying way too much. And they’re being locked into these proprietary old-guard database providers. It’s rare that I meet an enterprise that isn’t looking to flee from their current database provider. We’ve really doubled down on the database space over the last number of years. And we have built these new database offerings from the ground up with the cloud in mind, which means that they’re very scalable. They’re very flexible. And they’re very cost-effective.”

If Amazon Web Services gets a decent market share of the database market, its value will increase and Amazon.com’s stock could continue rising. Given Amazon’s current momentum, investors are clearly counting on it.

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Our data shows that elite funds were bullish on Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter. A total of 103 funds reported stakes worth $10.46 billion in the latest round of 13F filings, versus 96 funds and $8.4 billion respectively a quarter earlier. Ken Fisher‘s Fisher Asset Management increased its position by 2% to 2.49 million shares while Andreas Halvorsen’s Viking Global established a new stake of 2.28 million shares. D E Shaw upped its stake by 17% to 1.64 million shares.

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