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Amazon.com, Global Retirement Partners LLC Make Major Investment Deal

Guavy AI Editorial Team
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AMZN
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Global Retirement Partners LLC has taken a significant position in Amazon.com, Inc. (NASDAQ:AMZN) by buying 324,127 shares during the second quarter.

The purchase valued approximately $77,252,000 and accounts for about 1.2% of Global Retirement Partners LLC's investment portfolio.

Amazon's stock price opened at $252.40 on Thursday, and the company has a market capitalization of $2.72 trillion.

In related news, Amazon Web Services agreed to a multigenerational collaboration with Qualcomm to develop custom AI inference chips and optical networking systems, potentially reducing AI computing costs.

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