$AMZN
AMAZON STILL OWNS 158M SHARES OF $RIVN RIVIAN.
WITH RIVIAN’S 23%+ GAIN, TODAY THEIR POSITION INCREASED BY $439M.
They also hit $2T market cap for the first time ever.
AWS $100B TTM run rate..
AI fueling their ad’s biz to $40B a year..
To top it off, their margins STILL have so much room for improvement, which will drive the multiple expansion.
Shares are now up +127% from the $85 lows in 2022.
BoA just upgraded the stock to $220 today
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