From Nasdaq: 2025-06-29 05:41:00

Billionaire Bill Ackman’s hedge fund, Pershing Square, owns only 11 stocks, with a significant 14% investment in an AI leader. Wall Street believes this AI stock is set to soar, making it a major bet for Ackman’s $11.9 billion portfolio.

Ackman’s largest holding is Alphabet, valued at over $1.67 billion. Despite selling some shares, he remains bullish on Google’s long-term dominance in AI, with Wall Street analysts largely recommending buying Alphabet stock for potential upside of 17% to 45%.

Alphabet’s AI advancements, like AI Overviews and Google Gemini 2.5 Pro, show promise. While facing challenges like antitrust issues and competition, analysts and Ackman are optimistic about the stock’s future growth potential, particularly with Alphabet’s Waymo self-driving car unit.

Considerations for investing in Alphabet include regulatory risks and competition. While both Ackman and Wall Street are bullish, diversification is still recommended. The Motley Fool’s Stock Advisor team has identified 10 stocks for potential high returns, none of which include Alphabet, with historical returns far exceeding the S&P 500. 1. The US economy added 850,000 jobs in June, surpassing expectations. The unemployment rate rose slightly to 5.9%, indicating more people are actively seeking work. This strong job growth is a positive sign for the country’s economic recovery.

2. In international news, a record-breaking heatwave is sweeping across western Canada and the US Pacific Northwest. Temperatures in some areas have reached an unprecedented 116 degrees Fahrenheit, leading to concerns about wildfires and public health.

3. The Delta variant of COVID-19 is causing a surge in cases in multiple states, particularly among unvaccinated individuals. Health officials are urging people to get vaccinated to protect themselves and others from the highly contagious variant. This spike in cases is a reminder of the ongoing threat of the pandemic.

4. Major tech companies like Google and Facebook are facing increased scrutiny from regulators over their market dominance and practices. Lawmakers are considering new regulations to promote competition and protect consumers. This could have significant implications for the future of the tech industry.

5. The Tokyo Olympics are set to begin later this month, despite concerns about COVID-19 and opposition from some residents. The Games will feature new sports like skateboarding and surfing, as well as strict health protocols to prevent the spread of the virus. The event will be closely watched around the world.



Read more at Nasdaq: Billionaire Bill Ackman Has 14% of His $11.9 Billion Portfolio Invested in This AI Stock — and Wall Street Thinks It’s Poised to Soar