While financiers are chasing after Advanced Micro Gadgets Inc (NASDAQ: AMD) and Rivian Automotive Inc (NASDAQ: RIVN) on today’s trending stock tickers list, Amazon.com Inc‘s (NASDAQ: AMZN) portfolio reveals a clear favorite– and it’s not the one leading the AI rally. In its most current 3rd quarter 13F filing, Amazon exposed it offered out of both AMD and IonQ Inc ( NYSE: IONQ)– while keeping an enormous 94% of its $2.46 billion equity portfolio parked in RIVN stock.
Amazon’s EV Fascination
Amazon’s 3rd quarter 13F filing reveals 158.36 million shares of Rivian, worth $2.32 billion, making it not simply its biggest public equity holding however practically its whole portfolio. The e-commerce giant’s typical buy cost? $79.29– implying it’s still down over 80% on paper.
Yet the steadfast position signals conviction that Rivian is crucial to its long-lasting logistics and decarbonization technique.
Amazon’s electrical shipment fleet currently includes countless Rivian vans, and the 2 business’ collaboration stays among the greatest EV-commercial incorporate the marketplace. While retail financiers might see an underperforming stock, Amazon appears to see facilities– a long-duration bet that EV scale will ultimately settle in expense and carbon effectiveness.
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The Excellent AI Exit
The genuine surprise is what’s missing out on. Amazon totally left AMD– among the most popular AI chip names of the year– together with quantum computing stock IonQ.
With AMD up over 120% year-to-date and IonQ up 64%, Amazon’s timing looks, a minimum of short-term, like a whiff. However it might likewise mark a tactical reallocation– out of speculative tech and into supply-chain hardware it can manage.
Financier Takeaway
Amazon might have constructed its empire on the cloud, however its most current filings reveal it’s doubling down on the roadway. As AI chips control headings, Jeff Bezos‘ development appears to be making a quieter wager– that EVs, not GPUs, will bring the next leg of Amazon’s development story.
In the meantime, Wall Street’s chasing semis, however Amazon’s still banking on wheels.
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