According to Reuters, Pershing Square, the hedge fund founded and managed by Bill Ackman, has completely exited its long-held Alphabet shares during the second quarter while establishing a new position in Microsoft following recent stock declines. Ackman stated that Microsoft’s current valuation is “extremely attractive” and highlighted the company’s Azure cloud services and M365 Office productivity suite—which includes a $30 monthly Copilot AI assistant—as key assets positioning Microsoft at the core of enterprise AI adoption.
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