As of June 2022, Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) portfolio controls 10.67 million shares of Amazon (NASDAQ: AMZN) -- a position worth $1.29 billion. That said, both headwinds look likely to normalize over the long term (for example, the Federal Reserve is raising rates to tame inflation) and are related to macroeconomic challenges, not company-specific failures. Management believes the economy is at the early stages of cloud adoption, leaving plenty of room for expansion as Amazon Web Services (AWS) leverages its economic moat in the industry.