Core Insights - Amazon has sold its entire position in IonQ stock, indicating a strategic shift in its investment priorities [3][10] Investment Details - Amazon initially purchased 854,207 shares of IonQ during the second quarter, viewing the investment as strategic due to IonQ's technology integration with Amazon Bracket within AWS [4][5] - The sale occurred after IonQ's stock price increased by 165% between April 1 and September 30, suggesting Amazon capitalized on this momentum to realize profits [6][8] Strategic Focus - Amazon's current focus is on infrastructure investments in artificial intelligence, including data center expansions and custom silicon designs, rather than pursuing speculative investments like IonQ [8][9] - The value of Amazon's stake in IonQ was approximately $37 million, a minor amount relative to Amazon's $728 billion balance sheet, reflecting a deliberate approach to capital allocation [9][10] Market Context - IonQ's stock is characterized by high volatility and speculative trading, with a price-to-sales (P/S) multiple of 191, which is considered unsustainable [12][14] - The technology behind IonQ remains exploratory and not yet commercially viable, raising concerns about its long-term growth potential [11][15]