5 Most Popular Retail Investor Stocks in 2023

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

Number of Hedge Fund Holders: 240

Amazon.com, Inc. (NASDAQ:AMZN) recently made headlines as it launched “Bedrock,” a new software tool that will help people build and scale generative AI applications with foundation models (FMs). Developers can use Bedrock to make different AI applications.

In a letter to shareholders, Amazon.com, Inc. (NASDAQ:AMZN)’s CEO Andy Jassy expressed a lot of optimism for AWS. The executive is also bullish on growth in advertising and grocery business areas of Amazon.

Renaissance Large Cap Growth Strategy made the following comment about Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2022 investor letter:

“On the negative side, Amazon.com, Inc. (NASDAQ:AMZN) was our worst performing stock in the quarter. The company is finally seeing the consumer and enterprise weakness that other companies encountered earlier in the year. In addition, AWS growth decelerated in the third quarter, with management citing new pricing pressures as competitors look to gain market share. We found Amazon’s comments on cost controls and employee layoffs concerning, given the company’s historical propensity to invest in all macroeconomic environments. Management’s comments that the macro-economic slowdown was more sudden than expected is also concerning, especially since they do not expect an improvement in consumer trends anytime soon.”

You can also take a peek at 10 Most Profitable Small Businesses in 2023 and 10 Best April Dividend Stocks To Buy.

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