Amazon.com, Inc. (AMZN) in Wally Weitz's Partners III Opportunity Fund Q2 2024

Expanding E-commerce and Cloud Dominance

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Apr 15, 2025
Summary
  • Strong performance in e-commerce and cloud services.
  • Key contributor to the fund's quarterly and year-to-date performance.
  • Challenges include regulatory scrutiny and competitive pressures.
  • Continued growth in AWS and Prime services.
  • Positive long-term outlook with strategic investments in technology.

Amazon.com, Inc. (AMZN, Financial) was a major contributor to Wally Weitz's Partners III Opportunity Fund 2nd-Quarter Commentary 2024 Q2, driven by its leadership in e-commerce and cloud services. The company's strategic investments in technology and innovation continue to bolster its market position.

"Amazon was among the top contributors to both quarterly and year-to-date results, benefiting from its strong position in e-commerce and cloud services." — Wally Weitz, Partners III Opportunity Fund, Q2 2024 Fund Letter

Read full letter at gurufocus Wally Weitz's Partners III Opportunity Fund 2nd-Quarter Commentary 2024 Q2 page.