Ackman Buys Amazon Amid AI Surge | Business and Finance News

Bill Ackman’s Pershing Square dumped its entire Alphabet stake, redirected capital into Microsoft, and now holds Amazon as its fourth-largest position — a bold bet on Amazon’s explosive growth. With AWS revenue surging 37% YoY (up from 17%) fueled by AI demand and retail earnings jumping 43%, Ackman sees Amazon compounding at double-digit rates, even amid heavy data center spending — and believes the stock is undervalued if it hits those targets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9a2c7ae42789827c