Business
Bill Ackman’s Pershing Square Bets on Microsoft’s AI Ambitions With New Stake
Bill Ackman’s Pershing Square has taken a new stake in Microsoft MSFT 3.05%increase; green up pointing triangle, a bet that the software giant’s investments in artificial intelligence aren’t reflected in the company’s slumping share price.
Ackman said in a Friday post on X that Pershing Square had started building the position in February, after the company’s shares declined following an earnings report. The stake was worth $2.4 billion as of the end of Friday, according to a Pershing Square regulatory filing.
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