Billionaire Bill Ackman Has 10.5% of His $19.5 Billion Portfolio in Amazon. What's the Thesis Behind Pershing Square's Bet?
Motley Fool·
- Pershing Square maintains a significant investment in Amazon, holding 8.56 million shares valued at over $2 billion, which accounts for 10.5% of its $19.5 billion portfolio.
- Bill Ackman attributes this bullish stance to Amazon's massive capital expenditures for AI infrastructure to support Amazon Web Services and the retail division's market share growth.
- Ackman projects that Amazon can compound total earnings at a pace of at least 20%, driven by the ongoing adoption of artificial intelligence.