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Billionaire Bill Ackman trimmed his Amazon stake last quarter to bet big on Microsoft and Meta Platforms, citing their AI potential.
In the last quarter, Pershing Square Capital Management founder Bill Ackman significantly reduced his position in Amazon (AMZN) while increasing his holdings in Microsoft (MSFT) and Meta Platforms (META). The move reflects his conviction in the AI potential of Microsoft and Meta Platforms.
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Next: The U.S. House of Representatives is about to recess until after the November midterm elections, narrowing the window for AI regulatory legislation, with leaders from both parties expressing divergent views.
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