Bill Ackman Sells Alphabet Stock to Invest in Microsoft
Billionaire investor Bill Ackman sold his hedge fund Pershing Square's entire position in Alphabet (GOOG and GOOGL) to invest in Microsoft (MSFT). The move was disclosed on May 15, with the firm acquiring a significant stake in Microsoft at around 21 times forward earnings. Ackman emphasized it is not a bet against Alphabet but rather reallocating capital based on valuation.

Topics: Alphabet (GOOG/GOOGL) Bill Ackman Microsoft (MSFT) Pershing Square Stock Trading Strategy