Alta Fox Trims Amazon.com, Inc. (AMZN) Holdings, But Stock Poised for Strong Gains

Amazon.com, Inc. (NASDAQ:AMZN) is among the high growth mega cap stocks you can buy and hold for the next 3 years. Alta Fox Capital Management LLC has trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.9% during the first quarter. Following the sale of 20,652 shares, the firm now owns 83,000 shares of the e-commerce giant, worth $15,792,000, making the stock its fifth-largest holding.

If there’s one company that is on the brink due to tariff risks, it’s definitely Amazon.com, Inc. (NASDAQ:AMZN). But all thanks to the extended tariff break for Chinese imports, there is a good chance that management will deliver as promised. So for now, if we anchor our analysis on the possible U.S.-China deal, Amazon demonstrates the biggest upside potential among the Mag 7.

The empire that Amazon.com, Inc. (NASDAQ:AMZN) is, each of its segments is performing well. Of particular importance is its subsidiary Zoox, which just launched a driverless ride-hailing service on the Las Vegas Strip, emerging as the first business to operate a fully autonomous service through a purpose-built robotaxi.

Amazon.com, Inc. (NASDAQ:AMZN) is a Washington-based provider of consumer products, advertising, and subscription services via online and physical outlets. Founded in 1994, the company operates through three segments: North America, International, and Amazon Web Services (AWS).

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.

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