Want to Invest Like a Billionaire? Here's 1 Stock Chase Coleman III Just Purchased.

Core Insights - Tiger Global Management, led by Chase Coleman III, has significantly increased its investment in Amazon by purchasing over 4 million shares, making it the fund's fourth-largest holding [2] - Amazon's share price has become more reasonable, dropping from a high price-to-earnings ratio of 110x to 34x, while net income has surged by over 500% to $70.6 billion [6][7] - The company is experiencing strong growth, with net sales increasing by 13% year over year, driven by a 17.5% growth in Amazon Web Services (AWS) revenue [8] Investment Rationale - Amazon's financial struggles in 2022 led to a significant drop in share price, but the company has since rebounded with substantial income growth and a more attractive valuation [7] - AWS is crucial for Amazon's profitability, contributing over half of the company's profits despite accounting for only 18.4% of total revenue [9] - The ongoing expansion and innovation within AWS, including new partnerships and tools, suggest continued growth potential for the segment [10][11] Market Position - Amazon's valuation stands at $2.4 trillion, and its e-commerce segment still has room for growth, as it represents only 15.5% of total U.S. retail sales [8][9] - The company's ability to leverage its scale for innovation and efficiency positions it well for future success, making it an attractive investment opportunity for both institutional and individual investors [11]