Reported about 22 hours ago
Prominent billionaires are heavily invested in FAANG stocks—Meta Platforms, Amazon, Apple, Netflix, and Alphabet—due to the lucrative growth in the digital advertising market, which is anticipated to be worth $699 billion. Notably, Amazon and Meta show strong growth potential, with Amazon's advertising revenue expected to soar alongside its continued expansion in retail media and Meta benefiting from its vast user base and advancements in AI for targeted advertising. This interest reflects a broader trend of billionaires favoring companies with clear profit growth catalysts.
Source: YAHOO