Amazon Amplifies AI Bet with $84M AMD Stake Expansion

Amazon has strategically deepened its exposure to semiconductor markets through a new $84 million position in Advanced Micro Devices, according to Q1 13F filings. The MOVE signals escalating competition in AI infrastructure as cloud giants diversify beyond Nvidia’s dominance.

AMD shares rallied on the disclosure, extending a double-digit monthly gain that mirrors Amazon’s own stock performance. The e-commerce titan now holds nine equity positions, including legacy stakes in Rivian Automotive and Marvell Technology.

Market observers note the purchase aligns with broader tech industry hedging - Microsoft, Meta and Oracle have similarly incorporated AMD’s MI300X accelerators as alternatives to Nvidia’s Blackwell architecture. While AMD remains the clear underdog, its expanding foothold in hyperscaler data centers could reshape AI chip dynamics through 2025.