Tech giant Amazon (AMZN) has fully exited its stakes in chipmaker Advanced Micro Devices (AMD) and quantum computing firm IonQ (IONQ), according to a new 13F regulatory filing. The company disclosed its stock holdings for the period ended September 30, 2025, in a filing with the Securities and Exchange Commission (SEC) on November 4. The reason behind the liquidation remains unknown.
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Amazon reported strong third-quarter results on October 31, beating both sales and earnings expectations, driven by continued momentum in its cloud division, Amazon Web Services (AWS).
Amazon Shuffles Portfolio
According to its second-quarter holdings report, Amazon previously held a 4.8% stake in AMD and a 1.51% stake in IonQ. The latest filing shows no mention of either company in its portfolio, implying that Amazon has sold its entire holdings before their third-quarter results.
Amazon purchased about 822,234 shares of AMD during Q1FY25 after AMD announced its acquisition of ZT Systems for AI expansion.
Similarly, In August, Amazon acquired 854,207 shares of IonQ, worth approximately $36.7 million, reflecting strong conviction in the quantum computing technology.
Amazon’s Current Holdings
Currently, Rivian Automotive (RIVN) remains Amazon’s largest holding, representing 94.37% of its total investment portfolio.
Meanwhile, the company continues to hold positions in several other firms, including chipmaker Marvell Technology (MRVL), semiconductor connectivity solutions provider Astera Labs (ALAB), biotech company Nautilus Biotechnology (NAUT), digital-parenting platform Owlet (OWLT), smart home automation firm SmartRent (SMRT), and pasture-raised products producer Vital Farms (VITL).
Is AMZN Stock a Buy?
Following its robust results, analysts remain highly optimistic about Amazon’s long-term potential. On TipRanks, AMZN stock has a Strong Buy consensus rating based on 42 unanimous Buy ratings. The average Amazon price target of $295.35 implies 18.5% upside potential from current levels. Year-to-date, AMZN stock has gained 13.6%.
