“`html
Key Points
-
Stanley Druckenmiller’s Duquesne Family Office added a new position in Microsoft as Azure cloud growth accelerated last quarter.
-
Bill Ackman’s Pershing Square bought a $1.3 billion stake in Amazon as it reported its best e-commerce growth in three years.
In Q2 2023, Stanley Druckenmiller’s Duquesne Family Office invested in Microsoft (NASDAQ: MSFT) as its Azure cloud services experienced a 39% year-over-year revenue growth, surpassing the previous quarter’s 33%. Microsoft achieved a $102 billion net profit on $282 billion in revenue over the past year.
Meanwhile, Bill Ackman’s Pershing Square acquired over 5.8 million shares of Amazon (NASDAQ: AMZN) valued at approximately $1.3 billion, coinciding with Amazon’s reported 12% year-over-year e-commerce growth, marking the first quarter of double-digit growth since Q3 2022. The company’s operating profit rose 471% since 2022, reaching $77 billion annually.
“`
