Billionaire Bill Ackman Only Holds 1 Artificial Intelligence (AI) Stock, and It's Trading for an Absolute Bargain Right Now. Time to Buy?
Billionaire hedge fund manager Bill Ackman owns just one AI stock, and it's a member of the "Magnificent Seven."
Hedge funds employ all sorts of techniques to help craft their investment strategies. For example, some firms hold hundreds or even thousands of stocks, providing them with a high degree of diversification across industry sectors and company sizes.
Billionaire hedge fund manager Bill Ackman, CEO of Pershing Square Capital Management takes a different approach. According to the firm's most recent 13F filing, the fund has positions in just 10 public companies. And while many on Wall Street can't seem to get enough of artificial intelligence (AI) stocks, Ackman owns only one pure-play AI name: Alphabet (NASDAQ: GOOGL).
Let's dig into Ackman's bull thesis around Alphabet and assess why the stock looks like a great buy right now.
