Billionaire Bill Ackman Trimmed This Big Tech Position to Back These 2 AI Contenders
The famed fund manager lowered his position in Amazon and was buying shares of Microsoft and Meta Platforms.
Overview
Billionaire hedge fund manager Bill Ackman is one of the world's most renowned investors. He runs a highly concentrated portfolio of fewer than 15 stocks and is willing to make big bets on stocks he believes in.
Last quarter, Ackman sold a quarter of his Amazon (NASDAQ: AMZN) stake while betting big on two other AI names: Microsoft (NASDAQ: MSFT) and Meta Platforms (NASDAQ: META). Let's take a closer look at each stock to see if investors should follow suit.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.