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.

GAMMA Investing LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ: AMZN) by 13.9% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,491 shares of the e-commerce giant's stock after acquiring an additional 31,872 shares during the

Canandaigua National Bank and Trust Co. bought a new stake in shares of Amazon.com, Inc. (NASDAQ: AMZN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 55,944 shares of the e-commerce giant's stock, valued at approximately $13,334,000. Amazon.com makes up approximately 1.1% of

Peter Thiel's macro fund has returned to US-listed equities with Amazon as its largest disclosed holding, but the rest of the portfolio points to a bigger wager on infrastructure powering artificial intelligence. Thiel Macro reported $418.7 million of 13F holdings at the end of June after disclosing no holdings at the end of December 2025 or March 2026.

Amazon stock is up 14% YTD and is trading at its lowest valuation in a decade. Walmart stock is up 3% but has a high P/E ratio of near 40.

Billionaire investor Ray Dalio's hedge fund, Bridgewater Associates, has disclosed its latest stock holdings, revealing a portfolio valued at approximately $24.4 billion as of June 30, 2026.

CX Institutional lowered its position in Amazon.com, Inc. (NASDAQ: AMZN) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 175,196 shares of the e-commerce giant's stock after selling 3,449 shares during the period. Amazon.com makes up about 1.2% of CX Institutional's

Consumer sentiment is near an all-time low. However, low consumer sentiment can be a bullish indicator.