Billionaire Bill Ackman Just Bought This Magnificent Artificial Intelligence (AI) Stock, Which Could Join Nvidia, Microsoft, and Apple in the $3 Trillion Club By 2028

At the end of each quarter, investment firms managing more than $100 million are required to file important documentation with the Securities and Exchange (SEC) Commission. Most notably, the form 13F itemizes which stocks these funds bought and sold during the most recent quarter -- providing the public with a rare glimpse into Wall Street's calculus.Billionaire hedge fund manager Bill Ackman recently disclosed that his fund, Pershing Square Capital Management, initiated a position in Amazon (NASDAQ: AMZN). Unlike many hedge funds that spread capital across dozens or even hundreds of names, Pershing Square takes a high-conviction, concentrated approach, betting on just a select number of companies that Ackman believes may be trading below their intrinsic value.It's telling that Ackman isn't chasing a broad basket of frothy tech stocks riding the artificial intelligence (AI) wave. Instead, Amazon fits neatly alongside Pershing Square's existing stake in Alphabet -- another heavyweight in the "Magnificent Seven."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool