We just covered the

10 Best Stocks to Buy According to Billionaire Ken Griffin. Amazon.com, Inc. (NASDAQ:AMZN) ranks #2 (see the 5 Best Stocks to Buy According to Ken Griffin).

Ken Griffin’s Stake Value: $3,263,557,286

Despite Azure and Google Cloud catching up, AWS still owns 32% of the global market, maintaining a lead over Azure’s 22% and staying nearly three times larger than Google Cloud’s 12% share.

But how does Amazon.com (NASDAQ:AMZN) benefit from the AI revolution?

While everyone else is fighting over expensive NVIDIA chips, AWS has built its own: Trainium3 and Inferentia2. AWS touched a $10 billion annual run rate just from its own AI chips. Why are these chips special? Amazon.com (NASDAQ:AMZN) claims they allow customers to train models at a much lower cost than using NVIDIA GPUs.

Amazon.com’s (NASDAQ:AMZN) core e-commerce business remains its biggest growth driver. Amazon.com (NASDAQ:AMZN) commands 40% of the U.S. e-commerce market share.

Montaka Global Investments in its investor letter talked about AMZN and said investors should keep in mind that temporary underperformance is a "feature," not a bug, when it comes to quality stocks. Click here to read the full text of the letter.

Copyright: prykhodov / 123RF Stock Photo

While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.