We recently published Trending Analyst Calls: 10 Stocks to Buy and Sell. Amazon.com, Inc. (NASDAQ:AMZN) is one of the trending analyst calls.

Doug Clinton from Deepwater Asset Management said in a recent program on CNBC that he believes Amazon’s CapEX will continue rising. The analyst believes CapEx expectations from Alphabet and Amazon are too low.

“You look at the street numbers for capex for those two. Scott Google, it’s about 12% expected growth for next year’s capex. Amazon’s even lower. It’s high single digits and it’s almost unbelievable. You know, how could analysts sort of expect this? But I think the reality is if you look kind of more at Meta, that’s probably a better benchmark and they’re going to be growing kind of strong double digits, probably something like 30 to 40%. And I think you’ll see Google and Amazon both. It might not happen this call. They might sort of just indicate right that they’re going to continue to spend in this capex boom. But certainly as we get into Q4 earnings and projections for next year, I think those numbers need to go up significantly and that’s good for companies like Nvidia and TSM, both of which we also own.”

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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.