Investment management firm Andvari Associates stated in its Q2 2026 investor letter that it added Amazon (AMZN) and Microsoft to its portfolio this year. The firm believes that while Amazon has AI exposure, its diversified businesses, including logistics, online retail, advertising network, and grocery stores, are the key performance drivers.
Andvari Associates points out that despite the hype in the AI sector and the risk of valuations decoupling from future cash flows, hyperscalers like Amazon and Microsoft have diverse revenue and profit streams, which helps hedge against the risk of AI investments potentially declining within 1-3 years. As of September 2, Amazon's stock closed at $254.98, with a market capitalization of $2.75 trillion.
Source:Yahoo财经 · Source Link
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