5 Best 5G Stocks To Buy Now

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

Number of Hedge Fund Holders: 243

Amazon.com, Inc. (NASDAQ:AMZN) makes it to the list because of its AWS Cloud platform. Amazon.com, Inc. (NASDAQ:AMZN) offers various services and toolkits that allow companies to make and deploy 5G services and software. For example, AWS Private 5G is a managed service that helps companies make and deploy their private mobile network, with all required hardware and software provided by AWS.

Amazon.com, Inc. (NASDAQ:AMZN) tops the list because 243 hedge funds in Insider Monkey’s database of 943 hedge funds reported owning stakes in the company. The biggest stakeholder of Amazon.com, Inc. (NASDAQ:AMZN) was Harris Associates of Natixis Global Asset Management which owns a $2.4 billion stake in the company.

Weitz Partners III Opportunity Fund made the following comment about Amazon.com, Inc. (NASDAQ:AMZN) in its second quarter 2023 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN) was another top performer for the quarter and year-to-date, also with an AI role to play. AI systems require massive computational resources, meaning that as these technologies become more pervasive for businesses of all sizes, customers will increasingly lean on cloud computing platforms like Amazon Web Services to harness the benefits.”

You can also take a peek at 20 Best Burger Chains in the US and 10 Oversold Blue Chip Stocks To Buy.

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