Billionaire Bill Ackman Just Bought Shares of This Company That's Already Scored a $123 Billion AI Win

Bill Ackman has made many brilliant investing moves over time, including getting in on Chipotle Mexican Grill before revenue and the stock price took off. The founder and chief executive officer of Pershing Square Capital Management has seen that holding soar more than 300% since his purchase through today.The billionaire is known for his investments in consumer-related stocks and aims to accompany his favorites over the long term. This, along with Ackman's activist investor moves and willingness to buck the trend, have helped him become one of the world's most successful hedge fund managers. And this has pushed Pershing Square Holdings, managed by Pershing Square Capital Management, to outperform the S&P 500 this year -- and double Ackman's wealth to more than $9 billion, according to Forbes.So it's no surprise that investors are interested in learning about Ackman's latest moves -- and potentially following some of them. In the second quarter, the billionaire added a new position to his portfolio at Pershing Square Capital Management. This consumer and tech company has seen its stock climb more than 700% over the past decade, and importantly, it's already scored a $123 billion win in the high-growth market of artificial intelligence (AI). Let's check out this latest Ackman purchase.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool