Bill Ackman reveals Pershing Square’s new Microsoft stake, citing compelling valuation, M365 AI competition and Azure growth concerns.

Bill Ackman's Pershing Square (NYSE: PS) made its U.S. market debut with the IPO of a new closed-end fund, Pershing Square USA (PSUS +0.21%). The hedge fund manager successfully r

By Svea Herbst-Bayliss NEW YORK, May 15 (Reuters) - Two of Wall Street's most closely watched billionaire stock pickers, both once voluble activist investors, took opposite tacks this year when Bill Ackman bet on Microsoft and exited Google parent Alphabet and Daniel Loeb did the opposite.

Although Wall Street has spent the better part of two years lecturing investors that the AI trade is crowded, the capex bill is unpayable, and the mega-caps have run out of room to grow, Bill Ackman keeps surfacing at exactly those moments to buy.

Ackman and his team at Pershing Square Capital Management typically only own 10-12 stocks at any given time.

Markets are shaky, but Bill Ackman says now is the time to buy. Here’s why he’s bullish on Fannie Mae and Freddie Mac — and the risks investors shouldn’t ignore.

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