Billionaire investors Bill Ackman and Warren Buffett favor Amazon for its diverse business and growth.
From Nasdaq: 2025-06-28 09:00:00
Billionaire investor Bill Ackman, CEO of Pershing Square, diversified his portfolio by adding Amazon stock to his investments. Ackman and Warren Buffett both favor value stocks and have a history of successful investing in different sectors. Amazon’s wide-ranging business model and AI-driven investments make it an attractive choice for both investors.
Despite not being a bargain, Amazon’s diverse business and growth prospects position it as a safer option in the volatile AI realm. The company’s sustained growth potential, coupled with its AI initiatives like Anthropic and AI robotics, make it a strong contender for long-term investment. Amazon’s stock may offer significant upside compared to its peers.
Amazon’s strategic AI investments, including in Anthropic and AI robotics, have led to accelerated growth in its cloud computing business. The company’s development of chipsets for quantum computing further showcases its commitment to innovation. While Amazon may not be a bargain currently, its robust growth prospects and diverse business make it a compelling investment opportunity for the future.
Read more at Nasdaq: If I Could Only Buy 1 Artificial Intelligence (AI) Stock, It Would Be This Monster “Magnificent Seven” Member Approved by Billionaires Warren Buffett and Bill Ackman