Artemis US Select Fund on Amazon.com
Thesis
Artemis added to Amazon after the shares lagged during a rotation away from large technology companies funding AI infrastructure. The team prefers Amazon within the hyperscalers because it develops its own CPUs and has substantial computing capacity through Amazon Web Services. Amazon is also continuing to gain retail market share, giving the thesis a second growth engine beyond cloud and AI. Artemis therefore continues to favour the company despite the recent weakness.
“We still favour Amazon because it makes its own CPUs (computer processing units), has substantial computing capacity through Amazon Web Services”
Key risks
- Market rotation away from large technology companies investing heavily in AI