From Nasdaq: 2024-04-10 12:22:00

Bill Ackman, CEO of Pershing Square Capital Management, initiated an investment in Alphabet in 2023, highlighting the company’s unmatched business model and potential in the AI realm. With competition in advertising increasing, Alphabet’s diversification into cloud computing and cybersecurity shows promise. Despite recent setbacks, including AI launch blunders, Alphabet’s data collection positions it well for AI growth. The company’s low forward P/E ratio and strong financial position make it an attractive investment at a discount compared to peers like Apple and Tesla. Investors may want to consider adding Alphabet to their long-term portfolio, given its potential in AI and discounted valuation.



Read more at Nasdaq: Billionaire Investor Bill Ackman Just Said That Alphabet Has “an Unmatched Business Model.” Is He Right?