Shares of Amazon (AMZN) - Get Report were slightly higher in late morning trading on Wednesday, after Evercore named the company its top Internet stock pick for 2017, in a note released earlier today.
The firm likes the e-commerce giant because it's "leading the charge" when it comes to data science, Evercore ISI Institutional Equities managing director Ken Sena said on CNBC's "Squawk on the Street" on Wednesday morning.
"I think they sit in a position of being able to apply it both in terms of their retail operation as well as being able to productize and commercialize that for businesses through enterprise," he explained.
Amazon is also in a good position to take advantage of the video streaming market, Sena noted.
While Alphabet's (GOOGL) - Get Report Google and Microsoft (MSFT) - Get Report both have cloud offerings as well, Amazon stands above them both because it got a head start with its Amazon Web Services and has made more advances in its product, the analyst said.