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Technology Stocks : Investing in Exponential Growth

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Glenn Petersen

From: Paul H. Christiansen	12/7/2016 1:34:46 PM
	1 Recommendation of 1084

Amazon's new grocery store could be driving up the price of a $600 million company Amazon's new grocery store, Amazon Go, may have created a surprise winner: Impinj, a $600 million IoT company that went public about four months ago. On Tuesday, Impinj closed up more than 7.5%, after RBC Capital published a note saying the company could be a major beneficiary of Amazon's new grocery store initiative. Impinj offers real-time inventory tracking technology which makes it easy for retailers to see the movement of every item in the store. Although there hasn't been any official partnerships, it theoretically makes sense for Amazon to adopt Impinj's technology, as Amazon Go comes with no cashiers or checkout lines. In fact, RBC Capital's Mitch Steves wrote in the note that Impinj is already working with Amazon in its "small set of retail stores," and predicted that the company could get involved in the build out of Amazon Go, as well. finance.yahoo.com

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