Reported about 6 hours ago
Billionaire Cliff Asness has included Amazon.com, Inc. (AMZN) among his top stock picks due to its significant upside potential of 30.94%. The company demonstrated strong financial performance in 2024, reporting a 10% revenue increase and a 61% rise in operating income. Asness, founder of AQR Capital Management, is known for his successful investment strategies, and despite his criticism of Bitcoin, he remains optimistic about AMZN's competitive advantage in e-commerce and cloud computing.
Source: YAHOO