Billionaire Philippe Laffont increased positions in Amazon and Microsoft, both leaders in cloud computing and AI.

From Nasdaq: 2024-08-25 06:43:00

Billionaire hedge fund manager Philippe Laffont increased Coatue Management’s positions in Amazon and Microsoft in the second quarter. Both companies are leaders in cloud computing, with AWS holding a 32% market share and Azure at 23%. The growth in artificial intelligence services is driving the expansion of these companies.

Amazon dominates the e-commerce market with nearly 40% share, while Microsoft leads in productivity software and operating systems. Both companies are investing heavily in AI to fuel growth. Both have reasonable valuations, with Microsoft trading at a lower forward P/E ratio than Amazon.

Investors may consider following Laffont’s lead and holding Amazon and Microsoft as core holdings for the long term. The companies are expected to benefit from continued growth in the cloud computing and AI sectors. The Motley Fool Stock Advisor team has identified these companies as strong long-term investment opportunities.



Read more at Nasdaq: Billionaire Philippe Laffont Bought These 2 “Magnificent Seven” Stocks. Should You?