From Yahoo Finance: 2025-04-13 13:57:00

Amazon.com, Inc. (NASDAQ:AMZN) stands among the best AI stocks according to billionaires. Recent tariffs by the Trump administration have impacted global stocks, triggering supply chain disruptions. Hedge funds scaled back risky bets in response to the tariffs. Billionaires previously championed AI as a transformative technology with immense economic value.

Amazon.com (AMZN) has heavily invested in AI through Anthropic, an AI startup. The company has bet $8 billion on Anthropic, integrating AI into Amazon Web Services and shopping. AMZN ranks 1st on the list of best AI stocks. There is an AI stock showing promise for higher returns compared to popular AI stocks.

Consulting an internal database on AI companies, 30 stocks with the highest number of billionaire investors and hedge fund popularity were selected. The strategy of imitating top stock picks of hedge funds has outperformed the market by 218 percentage points since May 2014. The potential of AI stocks lies in delivering high returns within a shorter timeframe.

Overall, the impact of recent tariffs on global stocks has led to a reversal of positions from billionaires who previously championed AI as a transformative technology. Amazon.com (AMZN) has emerged as a key player in AI investments, with a significant stake in Anthropic. The company’s strategic investments reflect the growing importance of AI in shaping future economies and industries.

Read more: Amazon.com (AMZN) Bets $8B on Anthropic, Expands AI in AWS & Shopping