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Amazon.com, Inc. (AMZN): Billionaire Tom Steyer Is Bullish on This Stock
Billionaire Tom Steyer’s Farallon Capital has significantly increased its stake in Amazon.com, Inc. (AMZN), viewing it as a primary beneficiary of the AI infrastructure super-cycle. Despite short-term price pressures, Amazon’s AWS division reported a 28% year-over-year revenue growth in Q1 2026, with AI revenue exceeding $15 billion, which hedge funds see as a strong indicator of successful GenAI monetization.