Amazon stock

Amazon's Secret Stock Stash: Hidden Gem or Fool's Gold?

Amazon owns stock in 10 companies! Which ones are worth your investment? Learn more about Amazon's financial maneuvers and get fun facts about Rivian Automotive!

If you thought Amazon was just the place for last-minute holiday shopping and impulse buys, think again! Amazon (NASDAQ: AMZN) isn't just your friendly neighborhood e-commerce giant; it's also a serious player in the stock game. You might be surprised to know that Amazon owns stock in 10 different companies. From tech startups to electric vehicle makers, Amazon's portfolio is as diverse as the items available for Prime shipping.

What's getting the lion's share of attention? Amazon's investment in Rivian Automotive (NASDAQ: RIVN), an electric vehicle (EV) manufacturer that's making waves in the industry. Rivian's sleek electric trucks and SUVs have caught the fancy of eco-conscious drivers and Wall Street alike. And with Amazon backing Rivian, the question on everyone's mind is, 'Should I invest, too?'

Interestingly, Amazon's portfolio isn't limited to just EVs. They've strategically invested in various sectors, aiming to create a rich tapestry of financial growth opportunities. But, just because Amazon is diversifying doesn't mean all investments are golden tickets. Some might be more like fool's gold, dazzling but ultimately worthless.

So, how do you separate the wheat from the chaff? Analyzing Amazon's investment strategies offers some clues. For example, despite the buzz around Rivian, its stock price has seen significant volatility. On the other hand, Amazon's stake in cloud computing firms aligns perfectly with its own AWS business, making those investments seemingly more stable.

Did you know that Rivian's R1T truck was named the 2022 MotorTrend Truck of the Year? This accolade highlights the groundbreaking technology and design innovations that Rivian brings to the table. Additionally, Rivian is one of the few EV manufacturers based in the USA, adding a layer of patriotic pride for American investors.

Another fun fact: Amazon's venture arm, Alexa Fund, invests in voice technology startups, underscoring their commitment to staying ahead in the AI game. Voice tech is not just about smart speakers anymore; it's about creating a seamless, voice-activated future. What a time to be alive!