We just covered the Top 10 Stock Picks of 10 Famous Billionaires.
Amazon.com (NASDAQ:AMZN) ranks #1 (see Top 5 Stock Picks of 5 Famous Billionaires)
Top Pick Of: Seth Klarman — Baupost Group Billionaire Klarman is usually a fan of value stocks trading at cheap multiples. But his biggest holding is AMZN and that says a lot about the billionaire’s outlook on the AI revolution. Amazon (NASDAQ:AMZN) remains one of the strongest beneficiaries of the AI cycle, primarily through AWS.
The shift toward AI applications, especially large-scale inference and AI agents, is structurally increasing demand for cloud infrastructure, where AWS holds a leading global market share. AWS has built a massive backlog of approximately $464 billion, including about $138 billion from OpenAI and $100 billion from Anthropic, highlighting multi-year contracted demand and reinforcing AWS’s role as core infrastructure for the AI ecosystem. This level of backlog signals not just near-term growth, but a long-duration demand cycle tied to enterprise AI adoption.