5 Best Blue Chip Stocks To Buy Today

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

Number of Hedge Fund Holders: 252

Given inflation, Amazon.com, Inc. (NASDAQ:AMZN)’s e-commerce business isn’t growing as fast as it once did. Amazon.com, Inc. (NASDAQ:AMZN)’s CFO Brian Olsavsky said during a Q3 earnings report, “We are seeing signs all around that people’s budgets are tight, inflation is still high, energy costs are an additional layer. We are preparing for what could be a slower growth period.” While the company faces near term challenges, Amazon.com, Inc. (NASDAQ:AMZN) still has very valuable businesses that have long term growth potential.