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Varma Mutual Pension Insurance Co Dives into Amazon with $410 Million Stake

Guavy AI Editorial Team
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AMZN
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Varma Mutual Pension Insurance Co has acquired a significant stake in Amazon.com, Inc. (NASDAQ:AMZN), purchasing 1,721,811 shares valued at approximately $410 million during the second quarter.

This investment makes Amazon one of Varma's top holdings, accounting for about 2.2% of its portfolio.

The move comes as Amazon continues to expand its cloud computing and artificial intelligence offerings, with recent deals worth billions of dollars in the AI-powered market.

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