Hedge Fund Investor Bill Ackman Just Loaded Up on This Top Artificial Intelligence (AI) Stock
Last week, renowned hedge fund manager Bill Ackman spoke at length about a new position in his portfolio. As it turns out, Silicon Valley investors are not the only ones looking to capitalize on the rising popularity of artificial intelligence (AI).
Ackman recently bought more stock (NASDAQ: GOOG) (NASDAQ: GOOGL), a position worth well over $1 billion in his portfolio. This was an interesting move for Ackman. Why? Well, because not all prominent investors are certain that Alphabet is building an AI moat.
Let's dig into what Ackman sees in Alphabet's potential versus some contradicting views. More importantly, after a look at Alphabet's roadmap, I'll benchmark the stock against some AI leaders to help determine whether the stock looks attractive, as Ackman suggests.
Source Fool.com
Alphabet Inc. A Stock
With 92 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 15.07% for Alphabet Inc. A compared to the current price of 153.82 €.
