Warren Buffett and Hedge Funds Love These 5 Stocks

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

Number of Hedge Funds: 286

Warren Buffett owns a $1.3 billion stake in ecommerce and Cloud giant Amazon.com, Inc. (NASDAQ:AMZN). Out of the 910 hedge funds in Insider Monkey’s database, 286 hedge funds had stakes in Amazon.com, Inc. (NASDAQ:AMZN).

Last month, AWS and Amgen Inc (NASDAQ:AMGN) said they will work together for generative artificial intelligence (AI) solutions for discovery and development of medicines.

Here is what Claret Asset Management has to say about Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2023 investor letter:

“We have mentioned in the last letter that the “magnificent seven”, including Amazon.com Inc.,dominated the performance of the S&P 500. We might have left you with the feeling that we are bearish because we don’t find the Magnificent 7 attractive. Let us make it clear: we are just not so pessimistic as to believe there are only 7 growth opportunities in the entire global equity market. In fact, we are optimists and think opportunity is abundant. Just not in everyone’s current 7 favorite stocks.”

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