Harvard University's stock portfolio ranks Amazon.com (NASDAQ:AMZN) as its fourth-largest holding, citing the company's $200 billion 2026 AI capital expenditure budget. Amazon deployed over 2.1 million AI chips in the past year, with custom Trainium chips accounting for more than half. The company secured major compute deals including 2 gigawatts with OpenAI and 5 gigawatts with Anthropic.
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