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2 Growth Stocks Down 55% and 94% That Billionaires Keep Buying

2 Growth Stocks Down 55% and 94% That Billionaires Keep Buying

Investors turned bearish as the economy weakened in the first half of the year, setting the stock market on a downward trajectory. Jim Simons of Renaissance Technologies added to his stake in Upstart Holdings (NASDAQ: UPST) in the second quarter, and Philippe Laffont of Coatue Management started a position. Meanwhile, Ken Griffin of Citadel Advisors and Israel Englander of Millennium Management bought more shares of Elastic (NYSE: ESTC).