Stanley Druckenmiller, David Tepper, and Peter Thiel Just Made the Same AI Bet— On One Stock

Stanley Druckenmiller, David Tepper, and Peter Thiel are all investing in Amazon (NASDAQ:AMZN) according to their latest 13F filings. Druckenmiller's Duquesne Family Office has increased its Amazon stake by over 1,000% in the second quarter, while Tepper's Appaloosa Management now has Amazon as its largest position at $1.19 billion.

Thiel's Thiel Macro has Amazon as its biggest holding, accounting for 28% of its total portfolio at $118 million. Amazon's third-quarter revenue growth is expected to be up to 12% year over year, with AWS backlog reaching $496 billion and operating income up 64% year over year. Despite Amazon's on-premises dominance in current IT spending, there is substantial growth potential in the cloud, with the third-quarter guidance indicating revenue growth of up to 12% year over year.