30 Best Stocks To Invest In According to Billionaires

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

No. of Billionaire Investors: 40

Total Value of Billionaire Holdings: $33.04 Billion

Amazon.com, Inc. (NASDAQ:AMZN) remains the most favorite stock among billionaires. Billionaire investor Druckenmiller opened new positions in AMZN during Q4 2024. He bought 328,400 shares of Amazon, which now represent 1.9% of his portfolio.

Amazon.com, Inc. (NASDAQ:AMZN) is not lagging behind the rest of tech companies in the AI race. The company has announced plans to launch its ‘reasoning’ model under its Nova brand by June 2025. Nova aims to compete head-on with OpenAI and Anthropic by blending rapid responses with more advanced, long-form reasoning. Amazon is targeting to be among the top five AI models for software development and math skills while keeping costs lower than rivals. The current Nova models are already 75% cheaper compared to third-party alternatives on its Bedrock AI platform. Amazon is investing in creating a low-cost AI model in an increasingly competitive space, giving the company a competitive advantage.

While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. 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 the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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