Oxbow Advisors LLC Places $1.58 Million Bet on Amazon.com, Inc.

Financial news has revealed that Oxbow Advisors LLC recently invested $1.58 million in Amazon.com, Inc. (NASDAQ:AMZN).

The investment firm purchased 6,615 shares of Amazon's stock during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

This is not an isolated instance, as other hedge funds and institutional investors have also made changes to their positions in the company. For example, Trust Asset Management LLC increased its stake in Amazon by 3.3% during the second quarter, while MilWealth Group LLC grew its position in the e-commerce giant's stock by 79%.

The investment community has been bullish on Amazon, with many analysts and market commentators highlighting the company's strong performance in the AI trade. AWS, Amazon's cloud computing division, has been a major driver of growth for the company, and its recent partnership with Qualcomm is seen as a significant boost to Amazon's AI infrastructure position.