Royal Capital Pours Millions into Amazon as E-commerce Giant Expands

Royal Capital Wealth Management LLC has made a significant investment in Amazon.com, Inc. (NASDAQ:AMZN), purchasing approximately 22,241 shares valued at around $5.3 million.

This is not an isolated instance of institutional investors buying into the e-commerce giant; several other funds have also recently increased their holdings in AMZN.

In fact, Amazon accounts for about 3% of Royal Capital's portfolio, making it its 12th largest position. This investment comes as no surprise given the company's strong performance and growth prospects.

Amazon has been expanding its AI-powered logistics capabilities, including smart glasses for delivery drivers and a $1.9 billion investment in its Delivery Service Partner program.