Goldman Sachs Increases Stakes in Micron Technology and Amazon Amid AI Growth
Goldman Sachs Group Inc. increased its holdings in both Micron Technology (NASDAQ:MU) and Amazon.com (NASDAQ:AMZN) during the second quarter of 2026, according to a recent 13F filing. The bank added over 5 million shares of Micron, ending with nearly 18.1 million worth $20.9 billion, while adding more than 465,000 Amazon shares and holding around 68.2 million valued at $16.2 billion. Both stocks also gained traction among billionaire investors tracked by Insider Monkey. Amazon became the most widely held stock in this group with support from notable figures like Stanley Druckenmiller and Peter Thiel. Micron climbed to become the tenth most popular, indicating growing confidence in its AI-related potential through products such as Trainium and Graviton chips. Investors are optimistic about Amazon's long-term prospects due to strong growth in AWS revenue—up 37% year-over-year—and increasing demand for its own hardware. However, concerns remain regarding the company’s significant capital expenditures and whether future AI returns will justify these investments.
Topics: 13F filing AI stocks Amazon Goldman Sachs Micron Technology