5 Best Big Data Stocks To Buy Now

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

Number of Hedge Fund Holders: 278

Value of Hedge Fund Holdings: $34,900,888,000

Market Capitalization: $1.35 trillion  

Amazon.com, Inc. (NASDAQ:AMZN) generates and analyzes massive datasets from retail, web services, logistics, and other operations to drive business decisions. The company pioneered Big Data analytics and recommendations for e-commerce through technologies like DynamoDB, Redshift, and EMR. Meanwhile, Amazon Web Services (AWS) provides managed Big Data services like Kinesis, Glue, Athena, EMR, Redshift, and Quicksight for cloud-scale data processing. Amazon.com, Inc. (NASDAQ:AMZN) uses one terabyte of customer purchase data to optimize customer experience and supply chain.

Here’s what White Falcon Capital Management said about Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2023 investor letter:

Amazon.com, Inc. (NASDAQ:AMZN): Amazon is a controversial investment. It had been ‘profitless’ for much of its existence and divided investors on the ultimate sustainability of the business model. We believe that Amazon has two very strong businesses – an e-commerce business (including ads) backed by a top-notch logistics network and an internet infrastructure business called AWS that is an oligopoly with Microsoft and Google. We believe Amazon has a superior culture that allows it to succeed in its various business lines. Importantly, Amazon is inflecting on free cash flow (FCF). We model that it will produce $6+ in FCF per share in three years. If this is valued at 3-3.5% FCF yield then Amazon is a $200 stock. Amazon also has a portfolio of venture bets (which consume a lot of capital), and all these are upside options for an investor.”