Warren Buffett’s 5 Growth Stock Picks

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

Berkshire Hathaway’s Q2 2023 Investment: $1.3 billion

Latest P/E Ratio: 317.19

Amazon.com, Inc. (NASDAQ:AMZN) is the largest electronic commerce retailer in the world and one of the first firms of its kind. It is another mega cap stock that might benefit from the growing interest in artificial intelligence since its AWS division offers several AI products.

During June 2023, 278 of the 910 hedge funds polled by Insider Monkey had invested in the company. While Berkshire Hathaway holds a $1.3 billion stake, Amazon.com, Inc. (NASDAQ:AMZN)’s biggest hedge fund shareholder is Ken Fisher’s Fisher Asset Management courtesy of it owning 40.6 million shares that are worth $5.3 billion.

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