Tom Steyer Bullish on Amazon Stock
1 sources·2 updates
Daily snapshot
This topic is included in the Trace archive for Sunday, May 3, 2026.
Billionaire investor Tom Steyer has increased his stake in Amazon.com, Inc. to 4.5 million shares, reflecting confidence in the company's growth potential. This move comes as Amazon's AWS revenue surged 28% year-over-year to $37.6 billion in the first quarter of 2026, with AI-related revenue now exceeding $15 billion.
Key Points
Farallon Capital's stake in Amazon grew from 3 million to 4.5 million shares in Q4 2025.
AWS's AI revenue run-rate has surpassed $15 billion, making up about 10% of total AWS revenue.
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