Ale's World of Stocks on $AMZN (Nov 8, 2026)

Moving on to second place on our list, we have a real giant that will certainly compete with Microsoft for first place, and that is the e-commerce and cloud empire, Amazon. The trading symbol is AMZN.

Which constitutes more than 8% of Pelosi's portfolio, with an estimated value of about $25.

Now, just like Microsoft, Amazon has performed much better than other tech names. In fact, its shares are still close to their record levels.

Although, in my opinion, it has been somewhat suppressed in recent years, having risen by just under 50% over the past five years. That's something I'll come back to shortly when we look at the evaluation.

Perhaps the reason the midterm elections didn't do much damage to the stock is that Wall Street was already worried about this year's $220 billion capital expenditure budget, and any construction slowdown due to new government regulations would have helped alleviate some of those concerns anyway.

However, regardless of the path Amazon takes, whether forced or chosen, I consider the stock a strong long-term buy.

On the one hand, if Amazon continues with all these expenses, which I believe it will, it has plenty of cash flow for that. In the last quarter, for example, its operating cash flow alone jumped 29% to an unprecedented record of $168 billion.

All the money they spend on expansion is simply to meet a demand that already exceeds supply . For example, cloud services sales grew by 39% despite already being ranked number one globally.

Meanwhile, their operating income grew by an even larger percentage of 55%, resulting in huge profit margins approaching 40% as well.

It also has an order backlog of more than half a trillion dollars, and management believes it will eventually grow into a trillion-dollar standalone company in its own right. On the other hand, even if any of that were to experience any kind of slowdown, which I don't think will happen, you would still have one of the best and most diversified companies in the world with the largest e-commerce platform as well.

A high-margin, fast-growing digital advertising engine that only gets stronger with AI improvements in reality. And you also have Prime Video, Prime Music, robots, robot taxis, satellite internet, pharmacy, and even custom chips now.

This sector is growing at triple-digit percentage rates, and also holds hundreds of billions in the order book.

So, going back to the suppressed share price here, if you add that massive size and growth in their financial data, you end up with a "PEG" ratio that is still somewhat cheaper than the rest of the sector.

So, as much as I love Microsoft, yes, Amazon will have to take first place in our rankings and I will push the others one place down to accommodate them.

I will admit that cloud computing companies designing their own chips poses a real threat that we as investors should monitor in the long term, because companies like Google, Amazon and Meta would certainly like to reduce the 75% profit margin they currently pay to Nvidia.

But in terms of ranking, I still place this stock very high on our list. I can't raise it to Amazon's level.