This Congresswoman's Bet on Amazon.com (AMZN) Was Profitable

We recently published 10 Best AI Stocks to Buy According to American Politicians. Amazon.com Inc (NASDAQ:AMZN) is one of the best AI stocks to buy.

Congresswoman Marjorie Taylor Greene bought Amazon.com Inc (NASDAQ:AMZN) shares worth between $1,001 – $15,000 on Oct. 24. Amazon.com Inc (NASDAQ:AMZN) shares spiked after the company posted its latest quarterly results and crushed Wall Street’s concerns about its Cloud growth. AWS rose about 20% year over year in the recently reported quarter.

Mairs & Power Balanced Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its second quarter 2025 investor letter:

“The Fund also started a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, where the company is well positioned to continue capturing market share in retail while also growing its market leading cloud business. The Fund took advantage of weakness in the stock during April to start the position as tariff news and a precipitous market decline provided an opportunity to build a position.”

While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.