14 Best American Tech Stocks to Buy Now

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

Number of Hedge Fund Holders: 339

Amazon.com, Inc. (NASDAQ:AMZN), also referred to as simply Amazon, is an American multinational technology company that is primarily focused on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence (AI). AMZN ranks among the best American stocks to buy now.

On April 10, Truist Securities reduced its price target on Amazon.com, Inc. (NASDAQ:AMZN) from $265 to $230 but kept a “Buy” rating. The firm expects a general increase in prices and a probable slowdown in consumer spending will impact the company’s growth and profit margins. Despite the challenges posed by the tariffs, Truist’s analyst sees Amazon.com, Inc.’s (NASDAQ:AMZN) diverse business, including e-commerce, advertising, cloud services, and logistics, continuing to gain market share. The analyst believes Amazon.com, Inc. (NASDAQ:AMZN) is positioned for long-term success despite challenges like increased tariffs on Chinese goods. These increased tariffs could affect the company’s pricing strategies and consumer demand, which could influence financial performance in the short term. However, Truist remains confident in Amazon.com, Inc.’s (NASDAQ:AMZN) competitive advantages that will help the company in the long term.

Overall, AMZN ranks first among the 14 best American tech stocks to buy now. While we acknowledge the potential of American tech companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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