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Amazon Receives $8 Billion Generac Deal Amid EFG International AG Investment

Guavy AI Editorial Team
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AMZN
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EFG International AG has made a significant investment in Amazon.com, Inc. (AMZN), purchasing 818,505 shares worth approximately $195.15 million during the second quarter.

This investment accounts for about 3.6% of EFG International AG's portfolio and makes it the company's fourth-largest holding.

Amazon has been expanding its AI capabilities, including a recent deal with Generac worth up to $8 billion for backup generators and smart logistics systems.

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