10 Best Internet of Things Stocks To Buy Right Now

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

Number of Hedge Funds with Long Positions: 132

The top spot on the list of the best internet of things stocks is held by Amazon.com, Inc. (NASDAQ:AMZN), in which there were 132 funds holding shares at the end of June, compared to 129 investors a quarter earlier. Aside from being a leader in online retail and having a very popular cloud platform for individuals and businesses, Amazon.com, Inc. (NASDAQ:AMZN) also launched a platform called AWS IoT, which represents a managed service that connects devices to the cloud. In addition, it has a range of smart speakers under the Echo brand that can be used for a connected home.

George W. Bailey/Shutterstock.com

George W. Bailey/Shutterstock.com

These are the 10 best internet of things stocks to buy right now based on hedge fund sentiment. Most of the companies in the list capitalized on their existing assets like a strong brand name to attract customers to their new products, or existing cloud infrastructure that allowed them to expand into the new market.

Disclosure: None

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