From Nasdaq: 2024-05-13 05:50:00

Ken Griffin’s Citadel has brought in $74 billion in returns since 1990, making it the most successful hedge fund ever. Griffin holds over 4,000 stocks and boosted his Amazon position by over 200% in Q4, with 6.2 million shares. Amazon plans to dominate e-commerce, cloud computing, and AI markets, making it a promising investment opportunity.

Amazon has a strong track record in e-commerce and cloud services, transitioning from annual losses to profits. With a focus on AI, Amazon aims to lower costs, increase efficiency, and improve customer service. Amazon Web Services (AWS) offers a wide range of AI products and services, driving significant revenue growth.

Offering a variety of AI solutions, AWS is poised to lead in the AI market. Amazon’s competitive advantage lies in its extensive customer base and a diverse range of AI offerings suitable for all budgets. Investing in Amazon now could offer long-term growth potential amidst a booming AI market set to exceed $1 trillion by the end of the decade.



Read more at Nasdaq: Billionaire Ken Griffin Just Made a Once-in-a-Generation Bet on This Stock. Time to Buy?