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Amazon.com, Inc. (AMZN): Billionaire Tom Steyer Is Bullish on This Stock
Billionaire Tom Steyer’s investment firm, Farallon Capital, has significantly increased its stake in Amazon.com, Inc. (AMZN), making it a new and growing part of their portfolio. The article highlights Amazon’s strong performance in its AWS division, especially in AI revenue, which is attracting smart money despite some short-term price pressure. It suggests that hedge funds see Amazon successfully monetizing Generative AI at scale.