Burr Financial Services Takes Stake in Amazon Amid E-Commerce Giant's AI Expansion

Burr Financial Services LLC acquired 13,948 shares of Amazon's stock in its most recent 13F filing, valued at approximately $3.324 million. This position accounts for 2.1% of Burr Financial's investment portfolio and makes it the company's 9th biggest holding.

Amazon also has notable institutional investors, including Bank of New York Mellon Corp, which bought a new stake in shares of Amazon.com in the second quarter valued at about $16.341 billion.

The e-commerce giant continues to expand its AI and cloud infrastructure with recent deals, such as a long-term agreement with Generac to supply backup generators for its data centers, expected to total approximately $2.4 billion in 2027 and 2028.