This Artificial Intelligence (AI) Chipmaker Just Got a Game-Changing Boost From Amazon, and Nvidia Investors Should Be Paying Close Attention
Each quarter, investors get a glimpse into which stocks "smart money" investors on Wall Street are buying and selling thanks to a nifty tool called the Form 13F. These filings are required by the Securities and Exchange Commission (SEC), and essentially serve as an itemized breakdown of what stocks large money managers bought and sold during the most recent quarter.
Beyond traditional financial institutions such as hedge funds and banks, corporations are also required to file a 13F if they also own positions in other public companies. Let's explore what investments Amazon made during the first quarter, and assess what it could mean for Nvidia in the long run.
According to its most recent 13F, Amazon holds stock in nine public companies. Among its long-term positions are electric vehicle (EV) manufacturer Rivian Automotive as well as semiconductor stock Marvell Technology. During the first quarter, Amazon complemented its exposure to chip stocks by initiating a position in Advanced Micro Devices (NASDAQ: AMD). Per the filing, Amazon purchased 822,234 shares of AMD -- worth about $84 million at its current price.
Source Fool.com
Advanced Micro Devices Inc. Aktie
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