Amazon.com (AMZN) Plugged After $200 billion Projected Capital Expenditures

Amazon.com (AMZN) Plugged After $200 billion Projected Capital Expenditures Soumya Eswaran Thu, May 14, 2026 at 7:13 PM GMT+7 3 min read AMZN ^GSPC CL=F Baron Capital, an investment management company, released its Q1 2026 investor letter for the “Baron Durable Advantage Fund”. A copy of the letter can be downloaded here. In Q1 2026, Baron Durable Advantage Fund (the Fund) declined 9.0% (Institutional Shares) compared to the 4.3% decline for the S&P 500 Index (the Index), the Fund’s benchmark. The Fund started 2026 with optimism, having posted three consecutive years of strong market returns. However, heightened geopolitical tensions and the subsequent war with Iran drove up oil prices, adversely affecting market dynamics. Two-thirds of the Fund’s relative underperformance was due to sector allocation, with the remaining third attributable to poor stock selection. The letter highlighted durable structural competitive moats. As a long-only investor, the Fund aims to achieve an annualized alpha of 100 to 200 basis points, net of fees, while minimizing permanent capital loss. In addition, please check the Fund’s top five holdings to know its best picks in 2026.

In its first-quarter 2026 investor letter, Vulcan Value Partners highlighted stocks like Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On May 13, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $270.13 per share. One-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 8.18%, and its shares gained 31.66% over the past 52 weeks. Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $2.91 trillion.

Baron Durable Advantage Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2026 investor letter: