2 billionaire favorite growth stocks to buy now
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Historically, growth stocks have a reputation for predominantly delivering above-average revenue and earnings, making them a common choice among investors of all capabilities. Indeed, these stocks hold potential mainly due to their future growth prospects. Therefore, it is no surprise that these equities have found a place in the portfolios of some of the world’s billionaire investors. Accordingly, Finbold has compiled the following two stocks that appear to be favored among billionaire investors while offering an opportunity to buy now. Amazon (NASDAQ: AMZN) Given its dominant position in the e-commerce sector, Amazon (NASDAQ: AMZN) is a strong investment choice. The company is on a consistent expansion spree, introducing new initiatives such as same-day delivery and pharmacy services, positioning itself to benefit from the growing e-commerce market. At the same time, Amazon is a key player in artificial intelligence (AI) and cloud computing through AWS. The stock is a favorite among billionaires such as Philippe Laffont’s Coatue Management. As of September 30, 2024, Coatue held 11.27 million shares of Amazon, accounting for almost 8% of the fund’s stock portfolio. Legendary investor Warren Buffett of Berkshire Hathaway (NYSE: BRK.A) also has a stake in Amazon. In the past, the “Oracle of Omaha” has reflected on missing out on AMZN earlier in its journey, referring to himself as “too dumb” for not seeing its potential. As of reporting, Amazon traded at $234.36, rising almost 2% in the last 24 hours, while in 2025, AMZN is up over 6%. AMZN YTD stock price chart. Source: Finbold Microsoft Corporation (NASDAQ: MSFT) Microsoft (NASDAQ: MSFT) has become a favorite among billionaire investors, partly due to its AI and cloud computing advances. Stanley Druckenmiller, a renowned billionaire hedge fund manager, has repeatedly highlighted the company’s potential in these fields. Druckenmiller has compared the AI revolution to past…
Filed under: News - @ January 22, 2025 6:24 pm