Amazon.com Stake Increased by Acorn Wealth Advisors

Acorn Wealth Advisors LLC has increased its stake in Amazon.com Inc. (NASDAQ:AMZN) by 22.7% in the second quarter, according to a recent Form 13F filing with the Securities and Exchange Commission.

The firm purchased an additional 2,150 shares of AMZN during the period, bringing its total holdings to 11,617 shares worth $2,769,000 at the end of the most recent quarter.

This is not the only instance of increased stake in AMZN. Several other hedge funds have also modified their positions in the e-commerce giant, with Bank of America Corp DE purchasing a new position valued at $22,218,775,000 and Legal & General Group Plc acquiring a new stake worth $12,831,376,000.

In related news, Amazon's Bedrock platform is expanding its selection of models, including GPT-6 and Claude. This move may support faster AWS growth and higher margins due to rising AI workloads and lower model costs that could increase overall cloud consumption.