5 Best Cloud Computing Stocks To Buy Now

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

Number of Hedge Fund Holders: 293

Amazon.com, Inc. (NASDAQ:AMZN), a prominent American multinational technology company, maintains a diverse portfolio of business interests encompassing e-commerce, cloud computing through Amazon Web Services (AWS), online advertising, digital streaming, and artificial intelligence.

In the December quarter of 2023, 293 out of the 933 hedge funds covered by Insider Monkey’s research held a stake in the firm. The largest hedge fund investor in Amazon.com, Inc. (NASDAQ:AMZN) is Ken Fisher’s Fisher Asset Management, with a stake valued at $6.4 billion.