12 Best Long-Term Stocks to Buy According to Ken Fisher

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

Number of Hedge Fund Holders: 338

Fisher Asset Management’s Stake: $9.9 billion   

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. In the fiscal year 2024, operating cash flow increased 36% to $115.9 billion for the trailing twelve months, compared with $84.9 billion for the trailing twelve months that ended in December of the prior year. In February, the company announced plans to invest over $100 billion in capital expenditures (CapEx) this year, focusing heavily on artificial intelligence (AI) advancements. This decision came despite the rise of DeepSeek, a Chinese AI startup known for developing highly efficient and cost-effective AI models that have stirred the tech industry. A large portion of Amazon’s CapEx is allocated to AI development with AWS – Amazon Web Service – which requires upfront investments in data centers and hardware to support the platform’s fast-paced growth.

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