We just covered Billionaire Tom Steyer’s 10 Stock Picks with Huge Growth Potential and Amazon.com, Inc. (NASDAQ:AMZN) ranks eighth on this list.
Amazon.com, Inc. (NASDAQ:AMZN) is a relatively new addition to Farallon Capital’s 13F portfolio. The fund first disclosed a stake in the company in the second quarter of 2025. This position comprised just over 3 million shares. In the third quarter of 2025, the fund increased its holding to around 3.5 million shares, adding 15% to the previous holding. Filings for the fourth quarter of 2025 show the fund held 4.5 million shares of the company, up 28% from the prior quarter’s filings. Amazon engages in the retail sale of consumer products, advertising, and subscription services through physical and online stores in North America and internationally.
Amazon.com, Inc. (NASDAQ:AMZN) is being treated as the biggest beneficiary of the AI ​​infrastructure supercycle in 2026. While the stock has faced some near-term price pressure due to capital spending forecasts, the smart money is buying the company’s rapidly accelerating chip and cloud divisions. In its Q1 2026 earnings report, the company revealed that AWS revenue grew 28% year over year to $37.6 billion, its fastest growth in 15 quarters. CEO Andy Jassy revealed that AWS’s AI revenue run rate has surpassed $15 billion, representing approximately 10% of AWS’s total revenue. Hedge funds see this as a clear sign that Amazon is successfully monetizing GenAI at scale.
While we recognize AMZN’s potential as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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