Reported 2 days ago
Prominent billionaires are increasingly investing in Microsoft and Amazon as both companies experience significant growth in their cloud services due to the rising adoption of artificial intelligence. Stanley Druckenmiller's Duquesne Family Office recently acquired a stake in Microsoft, which saw 39% year-over-year growth in Azure cloud revenue, while Bill Ackman’s Pershing Square bought a $1.3 billion stake in Amazon, which reported its highest e-commerce growth in three years. Despite the competitive landscape, both companies are positioned well to capitalize on the expanding global AI market.
Source: YAHOO