Amazon (AMZN): The Best High Quality Stock to Buy for the Long Term

Amazon (AMZN): The Best High Quality Stock to Buy for the Long Term Jeff Lewis Mon, June 22, 2026 at 11:23 AM GMT+2 2 min read AMZN PFSI Amazon. com, Inc. (NASDAQ:AMZN) is one of the 12 High Quality Stocks to Buy for the Long Term .

On June 16, 2026, PennyMac Financial Services (PFSI) expanded its strategic agreement with Amazon Web Services, an Amazon. com, Inc. (NASDAQ:AMZN) company, to accelerate its transformation into an AI-driven mortgage technology leader.

PennyMac is using AWS’ generative AI capabilities to upgrade its mortgage application and servicing processes, including conversational AI-powered virtual assistant capabilities powered by Amazon Nova Sonic. Jim Follette, Chief Digital Officer at Pennymac, said the company is using technology to change how mortgages are made and deliver a more seamless borrower journey. Amazon (AMZN): The Best High Quality Stock to Buy for the Long Term Earlier in June, Amazon.

com, Inc. (NASDAQ:AMZN) announced a series of investments tied to employee upskilling, faster international deliveries, European operations expansion, job creation, and robotics. The announcements, made at the company’s Delivering the Future event in London, included a more than EUR 10B commitment to expand and upgrade fulfillment centers in Europe with next-generation robotics.

Amazon also said the next generation of its autonomous Proteus robot is being piloted in its labs, with deployment in Europe planned for the first half of 2027. As part of the EUR 10B investment, Amazon. com, Inc.

(NASDAQ:AMZN) plans to grow its European fulfillment center workforce by 25,000 over the coming years. The company is also committing $1B to Career Choice by 2030, expanding access to fully funded training for careers in cybersecurity, software development, logistics, renewable energy, and mechatronics. Amazon.

com, Inc. (NASDAQ:AMZN) sells consumer products and provides advertising, subscription, and related services through online and physical stores in North America and internationally. 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 . READ NEXT:  33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy .   Disclosure: None.

Follow Insider Monkey on Google News .