Amazon.com Inc. (NASDAQ:AMZN) is one of billionaire David Tepper’s top stock picks heading into 2026. On December 10, TD Cowen’s John Blackledge kept a Buy rating on Amazon.com Inc. (NASDAQ:AMZN) with a $300 target. Two days earlier, on December 8, Roth MKM’s Rohit Kulkarni also reaffirmed a Buy, setting a $270 target.

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On December 9, Amazon.com Inc. announced plans to invest $35 billion in India across its business through 2030. The $35 billion investment will build on the $40 billion that the company has already invested.

The new $35 billion investment will go towards expanding the company’s businesses, focusing on artificial intelligence-driven digitization, export growth, and job creation. In India, Amazon has already digitized over 12 million small businesses and enabled $20 billion in cumulative ecommerce exports.

“Looking ahead, we’re excited to continue being a catalyst for India’s growth, as we democratize access to AI for millions of Indians and quadruple cumulative ecommerce exports enabled to $80 billion by 2030. In 2030, Amazon businesses will support 3.8 million direct, indirect, induced, and seasonal jobs,” said Amit Agarwal, Senior VP Emerging Markets, Amazon. “

Growing investment in India comes as the company expands same-day grocery delivery in the US to more than 2,300 cities and towns. The company plans to expand into more cities as perishable goods represent 9 of the 10 bestselling g items in areas where same-day grocery is available. While the company trails Walmart in total online grocery sales, it plans to close the gap through ongoing expansion.

Amazon.com, Inc. (NASDAQ:AMZN) is a global technology company that operates a vast range of businesses, primarily in e-commerce, cloud computing, digital streaming, and artificial intelligence. It serves as a massive online marketplace where it sells a wide variety of products. It also offers cloud computing solutions in addition to offering digital entertainment and device sales.

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