Pershing Square Discloses Major Stake in Meta, Claims Market Underestimates Upside Potential from AI
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Author:小编   

Pershing Square, under Bill Ackman, announced that it has acquired a substantial stake in Meta Platforms Inc. According to an investor presentation released on Wednesday, Meta shares accounted for approximately 10% of Pershing Square's capital as of the end of last year, with the position established since late November last year. Pershing Square stated that investors concerned about Meta's significant spending in the artificial intelligence sector have underestimated the long-term growth potential brought by this technology. Additionally, Meta's stock price has risen since the purchase of the shares.