Billionaire Chris Rokos’ Top 15 Stock Picks

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

Number of Hedge Fund Holders: 286   

Rokos Capital Management’s Stake: $217 million 

Amazon.com, Inc. (NASDAQ:AMZN) is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. These characteristics make the company a desirable choice for investors. The first and most compelling factor is the sound financial growth of the company, as illustrated in the report for the third quarter of 2024. For instance, free cash flow, fewer 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. Secondly, the company has been the world’s largest corporate purchaser of renewable energy for the fourth year in a row. With more than 500 solar and wind projects globally, Amazon’s portfolio is now big enough to power 7.2 million US homes each year, Moreover, as the world is now shifting to AI, the company is investing in AI technologies, mainly within its AWS division. This integration of AI services will drive revenue growth, with AWS projected to see a 21% revenue increase in 2025.

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