The Oracle of Omaha, Warren Buffett, is often thought of as the world’s greatest stock market investor. And with good reason, in my opinion. At the age of 20, he had little more than $20k in his portfolio. Today, that number is closer to $105bn!

Needless to say, that is some impressive performance. And so, I like to keep an eye on the billionaire’s portfolio. There are currently two Warren Buffett growth stocks that I like the look of right now. I think both are capable of climbing higher in the near future as well as over the long term. So let’s take a look.

The first Warren Buffett stock is Visa

Visa (NYSE:V) is the world’s largest payment processing company. In fact, out of every $1 spent globally, around $0.15 goes through Visa’s payment network. And I believe this figure will continue to grow.

Why? Two reasons. After a year of lockdown, the level of personal savings has increased substantially. And so, many economists are predicting a surge in consumer spending in the not too distant future as lockdown restrictions are eased. What’s more, with the world slowly shifting away from cash, the demand for digital payment processing solutions, like those provided by Visa, continues to rise. Thus I think there is still plenty of long-term potential for this Warren Buffett stock.

However, it’s not without risk. Innovations from rival fintech companies continue to pose a threat. Should these payment networks be favoured by businesses and consumers, Visa may begin to lose its market dominance. I think it’s also worth noting that the growth stock is far from cheap, trading at a P/E ratio of around 56 today.

The e-commerce technology giant: Amazon

Amazon (NASDAQ:AMZN) is now trading near its all-time high, which may make it seem like an odd choice in the search for future growth. But, regardless of its admittedly expensive-looking share price, the company continues to perform admirably.

Since the start of 2020, the firm gained an additional 50m Prime subscribers, bringing the total number to just over 200m. But what I find most impressive is the behaviour of subscribed members. Approximately 28% of Prime customers complete a purchase within three minutes of arriving on the website.

However, I think it’s reasonable to assume that the lockdown environment of the past year has undoubtedly helped boost this growth. And with a P/E ratio of around 66, there appears to be a significant level of shareholder expectations. This ultimately means that any short-term slowdown in performance may lead to some volatility in the share price. But, given the firm’s market dominance in e-commerce and cloud computing, I think this Warren Buffett growth stock can continue to climb over the long term.

But there is another growth stock that caught my attention this week. Here is…