Major Funds Boost Amazon Stakes While Global IT Spending Tops $6.15 Trillion
44 Wealth Management raised its Amazon stake 124.9% to 18,316 and Arkos Global Advisors grew 109.7% to 12,330 shares, while Ameriprise Financial sold 1.25 million shares (-3.4%) to hold 35.75 million. Global IT spending reaches $6.15 trillion in 2026 (+10.8%), driven by Amazon’s AI data center investment.
1. Institutional Stake Adjustments
44 Wealth Management increased its Amazon position by 124.9%, adding 10,173 shares to hold 18,316 total. Arkos Global Advisors grew its stake by 109.7%, adding 6,449 shares to reach 12,330. Ameriprise Financial trimmed its holding by 3.4%, selling 1.25 million shares to 35.75 million. 1248 Management sold 38,824 shares, reducing its position 45.5% to 46,583.
2. IT Spending Drivers and Amazon’s Role
Global IT spending is projected to reach $6.15 trillion in 2026, a 10.8% increase driven largely by AI data center infrastructure investment. Amazon is boosting capital expenditures on AWS data centers to support generative AI services, positioning the company for further revenue and margin growth.