Billionaire Andreas Halvorsen’s Top 15 Long-Term Stock Picks

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

Number of Hedge Fund Holders: 286  

Viking Global’s Stake: $755.5 million 

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. This company is positioned as a lucrative investment for the following reasons. Firstly, the report for the third quarter of 2024 shows an appealing picture of positive financial growth. For instance, free cash flow less principal repayments of finance leases and financing obligations increased to $44.9 billion for the trailing twelve months, compared with $15.9 billion for the trailing twelve months ended September 30, 2023. It has announced plans to expand Amazon pharmacy’s same-day delivery of medications to nearly half the US in 2025 by accelerating the rollout of new pharmacies in 20 more US cities by the end of next year. Moreover, the company has launched new generative AI-powered features, including Rufus, a generative AI expert shopping assistant, becoming available in Canada, France, Germany, India, Italy, Spain, and the UK. In addition, the company has also introduced AI Shopping Guides, which simplifies product research by using generative AI to pair information about a product category with Amazon’s wide selection, making it easier for customers to find the right product for their needs.

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