Billionaire Bill Ackman's Pershing Square holds 10.5% of its $19.5 billion portfolio in Amazon, betting on AI-driven AWS growth and strong retail.
Ackman believes Amazon Web Services (AWS) is benefiting significantly from the broad adoption of AI, with revenue growth exceeding 30% so far in 2026. Amazon plans to increase annual capital expenditures to approximately $220 billion this year, primarily for data center build-outs to support AWS. Additionally, Amazon's retail operations saw 15% unit volume growth in Q1, its highest since 2021. Ackman projects Amazon's total earnings to compound at a pace of at least 20%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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