5 Most Promising Future Stocks to Buy

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

Number of Hedge Fund Holders: 240

Amazon.com, Inc. (NASDAQ:AMZN) is a future stock in that its leading cloud business will likely help power many AI applications in the future if it maintains its market share. Amazon.com, Inc. (NASDAQ:AMZN)’s e-commerce business could also benefit from future technologies such as drones that could make delivery cheaper and faster.

Worm Capital commented on Amazon.com, Inc. (NASDAQ:AMZN) in its yearly 2022 investor letter,

Amazon.com, Inc. (NASDAQ:AMZN): In Amazon we believe we hold a behemoth with two near monopolies in e-commerce and cloud computing, to go along with several other ancillary opportunities. The pandemic presented AMZN with unique opportunities and challenges. There was a tremendous amount of immediate demand for their services as social distancing and lockdowns were implemented early on. They had a decision to make. Either invest heavily and aggressively to meet this increased demand, or take a cautious approach and avoid expanding capacity that may be temporarily overbuilt if the environment normalizes. They of course took the former route and took the necessary actions to meet demand. They benefited greatly throughout 2020 and 2021. But once people went back to more normalized shopping habits, they were left with excess capacity and costs. This hurt their bottom line this past year, however, we believe they made the correct decision. Overall, we feel they accrued significant positive benefits during the period and the equity valuation decrease has been dramatically overdone