10 Most Profitable Blue Chip Stocks to Buy Now

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

Net Profit Margin: 9.29%

Last year’s net income: $30.43 billion

Number of Hedge Fund Holders: 339

Amazon.com, Inc. (NASDAQ:AMZN) is a global tech company operating a large e-commerce platform bearing the same name, cloud computing through Amazon Web Services (AWS), digital streaming, and artificial intelligence. AWS has become the main pillar of growth by providing cloud solutions to enterprises and governments and capitalizing on the artificial intelligence megatrend. Through strategic acquisitions, AMZN has been expanding into adjacent niches like entertainment, healthcare, and logistics.

Amazon.com, Inc. (NASDAQ:AMZN) reported strong financial performance in 2024, with revenue growing 10% YoY and operating income of $21.2 billion, representing a whopping 61% increase YoY. The company’s North America segment grew 10% while the International segment saw 9% growth, excluding foreign exchange impacts, with both segments marking their eighth consecutive quarter of YoY margin improvement. AWS continued its robust performance with 19% YoY growth, reaching an annualized revenue run rate of $115 billion.

Amazon.com, Inc. (NASDAQ:AMZN) demonstrated significant progress in operational efficiency, reducing global cost to serve on a per unit basis for the second consecutive year while simultaneously improving delivery speeds and expanding selection. AMZN’s commitment to AI innovation was evident with approximately 1,000 different generative AI applications either built or in development, spanning across retail, AWS, and other business segments. Looking ahead to 2025, management plans to continue investing in AI capabilities, same-day delivery facilities, and robotics automation to improve delivery speeds and lower the cost to serve. The company’s net income surpassed $30 billion in FY2024, securing an 8th place on our list of the most profitable stocks to buy.