Amazon.com Shareholder Reduces Stake as AI Growth Continues

Sigma Planning Corp has sold 50,984 shares of Amazon.com's stock, reducing its position in the e-commerce giant by 14.6% during the second quarter.

The institutional investor owned 298,285 shares of Amazon.com's stock after selling 50,984 shares during the period.

AWS remains a major bullish catalyst for Amazon.com, with analysts describing it as the 'heartbeat' of the AI trade due to its fastest growth in 18 quarters and Amazon's ability to combine cloud AI services with its large e-commerce ecosystem.