13 Best Big Data Stocks to Buy According to Analysts

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

Upside Potential: 54.06%

Number of Hedge Fund Holders: 339

Amazon.com, Inc. (NASDAQ:AMZN) is a major player in the world of big data, with several initiatives and technologies that enable it to harness and process vast amounts of data. Amazon’s cloud computing arm, AWS, is at the heart of its big data strategy. Amazon Web Services (AWS) provides a wide range of services that help businesses and developers manage, store, and analyze massive amounts of data. Amazon’s e-commerce platform generates massive amounts of data from user activity, transactions, and behavior on its website. Amazon.com, Inc. (NASDAQ:AMZN) uses AI and machine learning extensively across its business operations, and big data plays a crucial role in this.

Amazon.com, Inc. (NASDAQ:AMZN) has recently made significant advancements in big data. Amazon plans to invest approximately $150 billion over the next 15 years in data centers to support the growing demands of AI applications. This substantial investment aims to bolster Amazon’s cloud computing capabilities, ensuring robust infrastructure for AI workloads. AWS continues to enhance its big data offerings. These developments underscore the tech behemoth’s strategic focus on expanding its big data and AI capabilities, aiming to enhance its services and maintain a competitive position in the evolving tech landscape.

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