From Nasdaq: 2024-05-17 03:31:00

Hedge funds typically underperform the S&P 500, but billionaire Bill Ackman’s Pershing Square has stood out with 31% annualized returns over the past five years. Ackman recently added Alphabet to the hedge fund’s portfolio, citing the company’s low valuation and strong emphasis on AI innovation. Is Alphabet stock a buy at its current price point? The company’s history of market outperformance and continued investment in AI suggest it could be a wise investment.



Read more at Nasdaq: Meet the Artificial Intelligence (AI) Stock That Makes Up 22% of Billionaire Bill Ackman’s $11 Billion Portfolio