Billionaire Ken Fisher’s investment firm, Fisher Asset Management, has been monitoring technology stocks closely, particularly during periods of heightened market volatility. In 2025, the technology sector faced significant challenges due to President Donald Trump’s aggressive trade policies, including the announcement of sweeping tariffs on imported goods. This led to a sharp decline in tech shares, with the NASDAQ experiencing its worst day since the COVID-19 pandemic, plummeting 6% and deepening its year-to-date loss to over 14%.
Despite these challenges, optimism about technology and growth stocks persists, driven by long-term trends. Ken Fisher emphasized that mega-cap tech firms tend to outperform during bullish market cycles and reflect broader market confidence. Historically, while tech stocks may decline more during bearish periods, they have shown resilience and growth during market recoveries, making them attractive for long-term investors.
Analyzing Amazon.com, Inc. (AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) is among Ken Fisher’s technology stock picks with significant upside potential. As of April 30, the stock had an upside potential of 30.92%. In Q1 2025, Amazon delivered robust financial results, reporting earnings per share (EPS) of $1.59, surpassing analyst expectations of $1.36. Revenue reached $155.67 billion, slightly ahead of forecasts and up from $143 billion year-over-year. The company’s advertising business grew 19% in Q1 2025, exceeding analyst projections.
Amazon’s performance marked the third consecutive quarter of exceeding analyst expectations. CEO Andy Jassy expressed optimism about the company’s pace of innovation and progress in improving customer experiences. Amazon is aggressively investing in artificial intelligence, planning to allocate approximately $100 billion in capital expenditures in 2025, with a significant portion directed toward expanding its AI infrastructure.
Fisher Asset Management held 45.16 million shares of Amazon valued at $9.91 billion by the end of Q4 2024. Broader institutional interest in Amazon has increased, with 339 hedge funds reporting stakes in the company. The collective value of these positions has reached nearly $69.04 billion, highlighting confidence in Amazon’s long-term potential, particularly in AI-driven innovation and logistics efficiency.
While Amazon remains a strong investment, some analysts believe that AI stocks may hold greater promise for delivering higher returns in a shorter timeframe. As the market continues to evolve, investors are advised to consider both established technology giants like Amazon and emerging opportunities in the AI sector.
