Amazon.com (AMZN) Trades at Significant Discount to Intrinsic Value

Amazon. com (AMZN) Trades at Significant Discount to Intrinsic Value Soumya Eswaran Mon, August 24, 2026 at 2:00 PM GMT+2 3 min read AMZN Loomis Sayles , an investment management company, released its "Global Growth Fund" investor letter for Q2 2026.  You can download a copy of the letter here .

The fund returned 6. 43%, underperforming the MSCI ACWI Index's 14. 93% return.

The fund employs a long-term private equity investment strategy, focusing on high-quality businesses with sustainable competitive advantages, investing at significant discounts to intrinsic value. At quarter-end, the fund maintained an overweight in communication services, consumer discretionary and healthcare sectors, and an underweight in information technology, financials, industrials, and consumer staples sectors. Also, please check the Fund's top five holdings to see its best picks for 2026.

In its Q2 2026 investor letter, Loomis Sayles Global Growth Fund highlighted 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, contributed positively to performance during this quarter.

On August 21, 2026, Amazon. com, Inc. (NASDAQ:AMZN) closed at $258.

63 per share, reflecting a market capitalization of $2. 79 trillion. Amazon.

com, Inc. (NASDAQ:AMZN) posted a one‑month return of 11. 77%, while its shares gained 13.

46% over the past 52 weeks. Loomis Sayles Global Growth Fund stated the following regarding Amazon. com, Inc.

(NASDAQ:AMZN) in its Q2 2026 investor letter: "Online retailer Amazon. com, Inc. (NASDAQ:AMZN) offers millions of products – sold by Amazon or by third parties – with the value proposition to consumers of selection, price, and convenience.

Amazon's enterprise IT business, Amazon Web Services (AWS), offers a suite of secure, on-demand, cloud-computing services, with a value proposition to clients of speed, agility, and savings. In both of its core markets, Amazon possesses strong and sustainable competitive advantages that would be difficult for competitors to replicate. In e-commerce, these include its brand, scale, technology platform, network advantage, and logistics and distribution systems.

AWS benefits from its brand, technology platform, and massive scale, which allows it to pass along cost savings while continuing to innovate. Growing well in excess of their underlying retail and IT markets, both of Amazon's businesses are gaining market share. Led by visionary founder and Executive Chairman Jeff Bezos, Amazon invests aggressively to expand and leverage its customer base, brand, and infrastructure, targeting businesses with strong financial returns that are anticipated to offer large and enduring growth opportunities…" ( Click here to read the full text ) Story Continues BofA Raises its Price Target on Amazon.

com (AMZN) Amazon. com, Inc. (NASDAQ:AMZN) is in top position on our list of  40 Most Popular Stocks Among Hedge Funds .

According to our database, 353 hedge fund portfolios held Amazon. com, Inc. (NASDAQ:AMZN) at the end of the first quarter, compared to 381 in the previous quarter.

Amazon. com, Inc. (NASDAQ:AMZN) reported a strong Q1 2026, with revenue  increasing 17% year-over-year to $181.

5 billion.  While we acknowledge the potential of Amazon. com, Inc.

(NASDAQ:AMZN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the  best short-term AI stock . In a previous article we disused Amazon.

com, Inc. (NASDAQ:AMZN) and noted its strong position in AI as highlighted by Rosenblatt's Scott Devitt. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years . Disclosure: None. This article is originally published at Insider Monkey .