Bill Ackman's Pershing Square Builds Large Positions in Microsoft and Amazon
Pershing Square Capital Management, led by Bill Ackman, has built significant stakes of approximately $2.4 billion each in both Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN). The investments were made after the stocks experienced declines due to concerns over heavy capital expenditures related to AI infrastructure growth. Ackman trimmed his position in Alphabet (GOOG) to fund these new bets, which he views as undervalued despite strong demand for their services. The Microsoft investment was initiated when its stock traded below key technical levels and at a lower forward earnings multiple than previously seen. For Amazon, the rationale centers on AWS's robust growth of 28% year-over-year in Q1 2026 and increasing AI-related commitments from major partners like OpenAI and Anthropic. Ackman is not alone; other high-profile investors such as David Tepper, Seth Klarman, and Al Gore’s Generation Investment Management have also been accumulating Amazon shares. Both investments reflect a similar strategy: acquiring dominant players in the AI infrastructure space after market overreaction to aggressive capital spending.
Topics: Amazon Bill Ackman Microsoft Pershing Square stock accumulation