Pershing Square Swapped Alphabet For Microsoft As Its Top AI Bet

Bill Ackman's Pershing Square made Microsoft its largest artificial-intelligence-related holding last quarter, funding the move by selling down its Alphabet position, the Motley Fool reported. The fund is known for concentrated bets on large technology names, but this rotation marks a notable shift in which company it sees as the stronger AI play. The move comes as separate wire coverage shows brokerage Citizens reiterating its own Alphabet rating on the strength of Google Cloud's growth potential, suggesting Wall Street sentiment on Alphabet is not uniformly negative. That contrast, one prominent investor cutting Alphabet exposure while an analyst reaffirms it on cloud growth, illustrates how differently market participants can read the same AI opportunity. The reporting does not disclose the size of the Alphabet sale, the resulting Microsoft position's dollar value, or Ackman's specific stated rationale beyond the switch itself, leaving the underlying investment thesis only partly explained.