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Billionaire Steve Mandel Shifts from Microsoft to AI-Focused Amazon
Billionaire Steve Mandel Shifts from Microsoft to AI-Focused Amazon
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BTCCSquare news:
Billionaire investor Steve Mandel's Lone Pine Capital has made a strategic pivot, reducing its Microsoft position by 5% in Q2 to allocate funds toward Amazon—a stock that has surged nearly 800% over the past decade. While Amazon is often perceived as an e-commerce play, Mandel's move underscores its dominance in AI-driven cloud computing via Amazon Web Services (AWS).
AWS now anchors Amazon's profitability, capitalizing on soaring demand for AI infrastructure. Unlike peers building dedicated data centers, Amazon leverages its existing cloud scale to capture AI workloads efficiently. The shift reflects institutional confidence in AI as a secular growth theme, with AWS positioned as a primary beneficiary.
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