Amazon is very far from its goal of achieving $1 trillion in cloud revenue, but it could deliver handsome returns for investors as it pursues that target, an analyst notes.

Quarterly 13F disclosures offer individual investors an irreplaceable window into the playbooks of market-moving institutions.

Amazon is buying tons of rare books, cutting off their spines, and scanning them for AI training, according to 404 Media, which placed a tracking device in a rare book that ultimately arrived at an Amazon facility in Las Vegas.

Bill Ackman and Pershing Square Capital (NYSE:PS) have unveiled their portfolio for the second quarter, which includes several new stocks added. The quarter also included major changes to Ackman's growing bets on the Magnificent Seven stocks.

Ackman's Pershing Square exited its position in Alphabet in the second quarter, with Amazon now accounting for ~10% of the firm's reported holdings. So far, the investment case for Amazon has played out as Ackman expected when he originally bought the stock in April 2025.

Amazon (NASDAQ:AMZN | AMZN Price Prediction) briefly crossed the $3 trillion market cap threshold in early August.

Amazon.com stock could be worth $500 a share by the end of 2027 if the company successfully grows its AWS revenue, according to Morgan Stanley.

Amazon (NASDAQ: AMZN | AMZN Price Prediction) and Meta (NASDAQ: META) both reported second-quarter results in late July, revealing the same pressure: AI infrastructure is consuming cash.

Institutional investors are quietly loading up on three cloud giants even as mega-cap tech cools from its highs, and Berkshire Hathaway's latest disclosure suggests the accumulation is far from over.

Quarterly-filed Form 13Fs allow investors to track which stocks Wall Street's savviest money managers have been buying and selling. Duquesne Family Office's billionaire chief sent shares of Micron and Intel packing -- and profit-taking is likely only part of the story.