Amazon.com, Inc. (AMZN) Sold Off After AWS Growth Accelerated: What Changed? Attiya Zainib Tue, November 10, 2026 at 11:22 AM EST 3 min read AMZN +0.76% Trade AMZN on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Liontrust Investment Partners recently released its "Global Innovation Fund" Q3 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned -1.6% in the third quarter of 2026, compared with gains of 0.4% for the IA Global sector average and 1.5% for the MSCI AC World Index. Despite the quarterly decline, the Fund returned 19.4% year to date, outperforming both benchmarks and ranking 41st among 576 funds in its sector. The managers attributed the quarter's volatility to a sharp disconnect between share prices and underlying business performance, particularly across the semiconductor and AI infrastructure industries. Around $3 trillion was wiped from semiconductor market capitalizations in July, even as customers continued making advance payments to secure supply and US companies reported their strongest earnings season in five years. The managers remain constructive on the AI investment cycle, emphasizing the importance of companies supplying computing hardware, power, and infrastructure, while continuing to seek attractive entry points amid higher bond yields and changing market valuations. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its third-quarter 2026 investor letter, Liontrust Global Innovation Fund highlighted stocks like Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a global technology and e-commerce company that operates online and physical retail stores, advertising services, subscription offerings, and Amazon Web Services (AWS). The one-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 3.23% while its shares traded between $196.00 and $287.20 over the last 52 weeks. On November 9th, 2026, Amazon.com, Inc. (NASDAQ:AMZN) stock closed at approximately $266.93 per share, with a market capitalization of about $2,890 billion.
Liontrust Global Innovation Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q3 2026 investor letter:
"Two further contributors were sold into strength. Amazon.com, Inc. (NASDAQ:AMZN) (+13%), the fourth largest, showed why we had added to it last quarter while the share price lagged the business: AWS accelerated for a fifth consecutive quarter, on a backlog that more than doubled to $496 billion, and the market closed the gap in the three days described above. With the gap closed, the prospective return narrowed, and we sold the position."
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In another article, we covered Amazon.com, Inc. (NASDAQ:AMZN) and shared the list of most undervalued AI stock. In addition, please check out our hedge fund investor letters Q3 2026 page for more investor letters from hedge funds and other leading investors.
This article is originally published at Insider Monkey.
