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Here's what billionaire investors were buying and selling in the June-ended quarter

The Motley Fool
Summary
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71% Informative

The June-ended quarter marked the third consecutive quarter that at least seven prominent billionaire asset managers were sellers of Nvidia stock.

While Nvidia was shown to the door, billionaire investors were seemingly infatuated with two other hypergrowth stocks.

Amazon Web Services ( AWS ) has a sustained double-digit growth rate, pacing more than $105 billion in run-rate sales.

Amazon is drawing more than 3 billion visits each month , which makes it a magnet for businesses wanting to advertise.

Advertising services revenue has grown by at least 20% on a year-over-year basis for two years .

The second hypergrowth stock that billionaires appear to be infatuated with in lieu of Nvidia is electric-vehicle manufacturer Nio.

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https://www.fool.com/author/1813/https://www.fool.com/legal/fool-disclosure-policy/https://www.fool.com/terms/f/form-13f/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=7dfaedda-8ad4-4cb1-832e-a5c83349a7f9https://www.fool.com/investing/2024/09/10/forget-nvidia-billionaire-buy-2-hypergrowth-stocks/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=7dfaedda-8ad4-4cb1-832e-a5c83349a7f9https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7785591c-8cd5-4bfb-92f5-e5a5207bf321&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D10993%26source%3Disaeditxt0010951%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_yahoo%26ftm_pit%3D16425&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=7dfaedda-8ad4-4cb1-832e-a5c83349a7f9https://www.fool.com/investing/2024/08/20/forget-nvidia-billionaires-sell-buy-2-growth-stock/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=7dfaedda-8ad4-4cb1-832e-a5c83349a7f9https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=7785591c-8cd5-4bfb-92f5-e5a5207bf321&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D10993%26source%3Disaeditxt0010951%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D16425%26ftm_veh%3Darticle_pitch_feed_yahoo%26company%3DAmazon&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=7dfaedda-8ad4-4cb1-832e-a5c83349a7f9

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