Jason Snipe, appearing on CNBC yesterday, said that he "really likes" the recent rally by Amazon.com, Inc. (AMZN) stock.

The longtime investor listed multiple other reasons for his bullishness on Amazon.com, Inc. (AMZN).

Snipe is the Principal of Odyssey Capital Advisors.

Other Reasons That Snipe Is Upbeat on Amazon.com, Inc. (AMZN)

Snipe indicated that AMZN stock's recent recovery has been partly due to the Trump administration's recent easing of tariffs.

Last quarter, the tech giant's "blended return on retail" came in at 5.4%, representing an all-time record high, the investor reported.

Moreover, the company's cloud business delivered "very strong" results, with "strong...margin growth," Snipe said.

Also noteworthy is that AMZN's market share is continuing to increase, according to the veteran investor.

The Recent Performance of AMZN

In the last month, the stock has rallied 18%, but it has retreated 11.5% in the last three months. For all of 2025, it has given back 7%.

While we acknowledge the potential of AMZN, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: The author owns shares of AMZN but has no intention of trading them in the next 48 hours. This article is originally published at Insider Monkey

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