In Q2, Ackman and Coleman bought millions of shares of Amazon at a discount. The stock remains attractive for long-term investors despite rebounding significantly. Ackman and Coleman, with different investment styles, both see value in Amazon due to strong growth prospects and efficient leadership under CEO Andy Jassy.

Ackman’s Pershing Square bought 5.82 million shares in Q2, now making up 9.3% of the portfolio, while Coleman’s Tiger Global increased its stake by over 62%. Both billionaires were drawn to Amazon’s potential, especially in cloud services and e-commerce.

Investors considering Amazon stock should weigh the factors that attracted Ackman and Coleman, such as AWS growth and leadership under Jassy. While not solely based on billionaire endorsements, Amazon’s future looks promising with new market opportunities like satellite internet and robotaxi services.

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Read more at Nasdaq: Billionaires Bill Ackman and Chase Coleman Are Buying Amazon Stock Hand Over Fist. Should You?