Hedge fund manager Stanley Druckenmiller made a significant purchase of Amazon stock last quarter, benefiting from AWS growth and profit-margin expansion. The company’s cloud division, AWS, showed momentum with reaccelerating revenue growth, driven by AI relationships. Amazon’s e-commerce business continues to grow steadily, with new delivery initiatives and innovative projects like Zoox and Alexa.

Amazon’s margin-expansion story, with record profit margins despite one-time charges, makes the stock a buy. The company is expected to experience significant operating leverage and EBIT growth in the coming years. Consider joining Stock Advisor for insights on the 10 best stocks to buy now, excluding Amazon. The Motley Fool has positions in Alphabet, Amazon, Microsoft, and Nvidia.

Read more at Nasdaq: Meet The Newest Artificial Intelligence (AI) Stock That Billionaire Stanley Druckenmiller Just Bought in His Duquesne Family Office