Bill Ackman, a prominent investor, is focusing on artificial intelligence stocks, with some purchases showing strong performance this year. His fund, Pershing Square Capital Management, has generated gains of 12.7% this year and 23.4% over the past year. Uber Technologies is a significant holding, with potential for growth in the autonomous vehicle market.

Alphabet, another key investment for Ackman, has faced challenges from the Department of Justice and disruptive AI technologies. Despite these hurdles, Pershing sees value in Alphabet’s diverse businesses, including YouTube and Google Cloud. Amazon is a new addition to Pershing’s portfolio, with a focus on Amazon Web Services and the e-commerce business.

Investors considering Uber Technologies should be aware of potential high returns from other stocks identified by the Motley Fool’s Stock Advisor team. While Uber may offer growth opportunities, historical performance of other recommended stocks shows significant returns. The Motley Fool has positions in Alphabet, Amazon, and other major tech companies.

Read more at Nasdaq: 45% of Bill Ackman’s $13.7 Billion Stock Portfolio Is Invested in 3 Artificial Intelligence (AI) Stocks