Bill Ackman acquired 5.65M Microsoft shares worth $2.9B. That's 18.61% of their entire equity portfolio (2nd largest holding). The stake costed the investor $2.46B, netting the investor a gain of 18% so far.
Apparently, there is no longer room for Alphabet in Pershing Square Capital Management's portfolio, but doubling down on other AI stocks may be a great idea.
Microsoft is now Pershing's biggest AI stock holding. Microsoft's quarterly revenue was up 18% from a year ago to $90 billion.
Microsoft (MSFT), the software and cloud giant sitting at the center of the AI buildout, rose approximately 1.3% Thursday morning as Pershing Square laid out wh
Microsoft still looks attractive after its rally, but only if you believe, like Bill Ackman, that its AI investments and cloud leadership will deliver far gr...