Benzinga·2025-11-05 20:27Core Insights - Amazon has significantly shifted its investment strategy, selling out of AMD and IonQ while heavily investing in Rivian, indicating a focus on electric vehicles for long-term growth [1][4][5] Group 1: Investment Strategy - Amazon's third quarter 13F filing shows it holds 158.36 million shares of Rivian, valued at $2.32 billion, making it the largest public equity holding in its portfolio [2][4] - The average buy price for Rivian shares was $79.29, indicating that Amazon is currently down over 80% on this investment [2][4] - The decision to exit AMD and IonQ, both of which have seen significant stock price increases, suggests a strategic reallocation from speculative tech to more stable supply-chain hardware [4][5] Group 2: Partnership and Infrastructure - Amazon's electric delivery fleet includes thousands of Rivian vans, highlighting a strong partnership that is crucial for its logistics and decarbonization strategy [3][4] - The focus on Rivian reflects Amazon's belief in the long-term potential of electric vehicles to enhance cost and carbon efficiency in its operations [3][5]