AI Business
4d ago
Bill Ackman builds stake in Microsoft amid stock decline and AI concerns
May 15, 2026
AI Summary
Bill Ackman, through his hedge fund Pershing Square Capital Management, has acquired a new position in Microsoft, which he considers a core holding. This investment began in February when Microsoft's stock fell due to concerns over its cloud growth and AI spending.
- Bill Ackman has been purchasing shares of Microsoft since February, during a period of stock decline.
- Pershing Square Capital Management disclosed the investment in a post on X, calling it a core holding, but did not specify the size of the stake.
- Microsoft’s stock fell over 15% year-to-date, influenced by concerns about its Azure cloud business and a restructuring of its AI partnership.
- Ackman believes the restructuring will benefit enterprise customers and argues that Microsoft’s 365 productivity suite is highly valuable and difficult to replicate.
- He views Microsoft's $190 billion capital expenditure budget as a growth investment rather than a margin threat and notes that the company's market cap does not reflect its significant stake in OpenAI, valued at around $200 billion.
- Ackman has a history of investing in major tech companies during periods of skepticism about their AI strategies.
microsoftinvestmentazurecapexbill ackman