Amazon was among the most popular stocks to purchase during Q2. Several billionaire-run hedge funds loaded up on shares, including Peter Thiel’s fund, David Tepper’s Appaloosa Management, Philippe Laffont at Coatue Management, and Stanley Druckenmiller at Duquesne Capital, to name a few. Those are a lot of firms loading up on Amazon’s shares, and it’s easy to see why. <\/p>\n Although they didn’t know what Amazon was going to report in Q2, they knew that Amazon’s major data center capital expenditure investments would soon start paying off. That fully emerged in Q2, when Amazon reported 37% year-over-year growth in Amazon Web Services (AWS). <\/p>\n Its legacy commerce divisions also posted solid results, with North American sales rising 16% and International revenue increasing by 15%. Overall, this was one of Amazon’s best growth quarters in a long time, and these funds saw the writing on the wall and purchased shares before Amazon reported. <\/p>\n These trends are still prevalent, and Amazon’s future results are likely to be strong as well. That makes it a great stock to consider buying now, and I’m confident Amazon will be a top performer to end the year.<\/a> <\/p>\n Alphabet <\/p>\n Alphabet was another popular stock pick, with some of the same firms that bought Amazon stock also loading up on Alphabet. A lot of the same themes prevalent in the Amazon investment echo in Alphabet, as its base business is doing quite well but its cloud computing segment<\/a> is also doing fantastic, mostly thanks to the increased computing capacity that has popped up from major capital investments. <\/p>\n The company’s Google Cloud revenue soared 82% in the second quarter — a trend that will likely persist over the next few years. \u00a0This helped drive Alphabet to one of its highest quarterly growth rates in the past decade. <\/p>\n Story Continues <\/p>\n Alphabet is truly firing on all cylinders, and seeing major hedge funds invest in it should come as no surprise. <\/p>\n Taiwan Semiconductor <\/p>\n Last is Taiwan Semiconductor, one of the biggest beneficiaries of the AI race. TSMC is the world’s largest logic chip manufacturer and supplies the vast majority of chips used by AI computing units. While it has competition, none can match the sheer scale of TSMC, and companies are forced to use it because it is the only one with large enough capacity to handle demand. However, firms are more than happy to partner with Taiwan Semiconductor to produce chips because its technology and manufacturing processes are second to none. <\/p>\n Taiwan Semiconductor can only root for increased AI computing demand, as it is slated to benefit regardless of which computing unit type is at the top of the leaderboard. With a lot more data center construction coming, Taiwan Semiconductor is slated to benefit from the buildout. <\/p>\n As a result, many hedge funds loaded up on its stock during Q2, including some already mentioned firms like Coatue Management and Duquesne Capital, but also some others like Chase Coleman’s Tiger Global Management. Taiwan Semiconductor is a top AI stock pick, and investors who haven’t picked up shares should consider doing so, as these funds have proven that it isn’t too late to buy more. <\/p>\n Should you buy stock in Amazon right now? <\/p>\n Before you buy stock in\u00a0Amazon, consider this: <\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Amazon\u00a0wasn’t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. <\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $439,308!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $1,286,826!* <\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by nearly 5x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul. <\/p>\n See the 10 stocks \u00bb<\/a> <\/p>\n *Stock Advisor returns as of August 27, 2026. <\/p>\n Keithen Drury<\/a> has positions in Alphabet, Amazon, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Alphabet, Amazon, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Image source: Getty Images. Amazon <\/p>\n
<\/a> GOOG Revenue (Quarterly YoY Growth)<\/a> data by YCharts<\/a> <\/p>\n