From Nasdaq:

Bill Ackman’s hedge fund, Pershing Square Capital Management, owns $1.8 billion of Alphabet stock. While this isn’t a diversified portfolio, Ackman sees potential in the tech company that others might miss. Wall Street is also bullish on Alphabet’s opportunities, with Argus analyst Joseph Bonner calling Alphabet “at minimum competitive if not a leader in the development of generative AI, perhaps the new computing paradigm.”

Alphabet is a dominant player in AI development, and its recent introduction of Gemini Ultra will likely provide a catalyst for Google Cloud. Google parent Alphabet revealed in December 2023 that Gemini Ultra is outperforming models from industry leaders, and Google’s integration of AI in products like Circle to Search shows the company’s long-term potential. Investors should consider research and expert opinions before investing in Alphabet stock. The Motley Fool Stock Advisor offers guidance on building a portfolio and identifies top stocks for investors to consider.



Read more: Billionaire Bill Ackman Owns $1.8 Billion of This AI Stock — and 38 Wall Street Analysts Recommend Buying It Right Now