5 Best Home Appliances Stocks to Buy

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

Number of Hedge Fund Holders: 252

Amazon.com, Inc. (NASDAQ:AMZN) is one of the largest technology companies in the world, which has over the years also diversified its business to include home appliances. These include its own smart speaker called Alexa, a reading tablet called Kindle, and even a home robot called Astro.

Amazon.com, Inc. (NASDAQ:AMZN)’s Astro robot is one of the few of its kind in the world and it is capable of several features such as home monitoring, security, and providing companionship. The firm’s Alexa smart speaker uses machine learning to decipher commands and deliver results and responses to queries. Alongside Alexa and Astro, Amazon.com, Inc. (NASDAQ:AMZN) also offers another smart speaker called Echo.

Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 252 had owned Amazon.com, Inc. (NASDAQ:AMZN)’s shares.

Follow Amazon Com Inc (NASDAQ:AMZN)

Out of these, Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor through a $5.1 billion stake that comes via 48 million shares.

Disclosure: None. You can also take a look at Why These 10 Stocks Were in the Spotlight This Week and 10 Best Stocks to Buy According to Billionaire Dan Loeb.

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