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Amundi Boosts Stake in Amazon to Over $12 Billion

Guavy AI Editorial Team
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AMZN
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Amundi, a French asset manager, significantly increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter of this year. The company's investment portfolio now includes over 61 million shares of Amazon stock, making it the firm's fifth largest position.

The value of Amundi's Amazon holdings stands at $12.79 billion, accounting for approximately 0.57% of its overall portfolio. This substantial stake in Amazon is a testament to the e-commerce giant's continued dominance and growth prospects.

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