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Key Points
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Billionaire hedge fund manager Bill Ackman’s Pershing Square Capital Management recently initiated a position in Amazon (NASDAQ: AMZN), complementing its existing investment in Alphabet.
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AWS, Amazon’s cloud computing platform, remains a key growth driver, supported by an $8 billion investment in AI company Anthropic and innovations in robotics and automation.
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Analysts estimate Amazon could achieve a market capitalization of $3.2 trillion by 2028 if it meets revenue expectations and maintains its current price-to-sales ratio.
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