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Norris Financial Group Invests Heavily in Amazon Amid Cloud Demand Surge

Guavy AI Editorial Team
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AMZN
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Norris Financial Group LLC made a significant investment in Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, purchasing 17,094 shares of the e-commerce giant's stock valued at approximately $3.56 million.

This new position represents about 1.2% of Norris Financial Group LLC's portfolio and is its 29th largest holding.

The investment comes as Amazon continues to grow, with AWS revenue increasing 36.7% year-over-year to $42.2 billion and the company's backlog reaching $496 billion.

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