Amazon holds $2.53 billion in stock, including Rivian and Vital Farms, potential growth opportunities.

From Nasdaq: 2024-08-05 18:00:00

Amazon’s investment in electric vehicle maker Rivian Automotive is just one of its stock holdings that amounts to $2.53 billion. However, changes in stock prices won’t significantly impact Amazon’s financial performance. Rivian, Twilio, and Vital Farms are some of the companies Amazon owns shares in. Rivian, a recent IPO, is worth watching due to its potential to succeed in the competitive auto industry.

Vital Farms, a leading brand of pasture-raised eggs, has seen its stock price nearly triple over the last year. The company’s robust financial performance reflects consumer willingness to pay more for ethically produced eggs. While Vital Farms stock has performed well recently, stocks of commodity producers may face challenges in the long term. Rivian, on the other hand, has promising partnerships that could set it apart in the EV space.

Rivian is set to report its second-quarter results soon, with a focus on revenue growth and production guidance. Wall Street analysts are expecting a slight increase in revenue and a wider loss per share for Rivian. Despite not being profitable like Amazon’s other stock holdings, Rivian’s strategic partnerships and production potential make it worth keeping an eye on in the EV industry.

Investing in Amazon may be lucrative, but considering other promising stocks could lead to potentially higher returns. The Motley Fool Stock Advisor team has identified 10 stocks with significant growth potential. While Amazon is not on this list, opportunities exist in other companies. Investor success hinges on diversifying portfolios with growth-oriented stocks that have the potential for substantial returns over time.



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