5 Best Momentum Stocks To Buy Now

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

Number of Hedge Fund Investors In Q4 2023: 293

Amazon.com, Inc. (NASDAQ:AMZN) is one of the biggest eCommerce companies in the world. 2024 is shaping up to be an interesting month for the firm, as not only does it have to hold its own in the A.I. race, but as the Super Bowl advertisements made clear, Amazon might be in for some tough competition from the PDD backed eCommerce platform Temu.

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

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