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Ackman Dumps Alphabet for Microsoft While Backing Amazon for Strong Growth

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The Story

News Summary

  • Bill Ackman's Pershing Square exited Alphabet to fund a new stake in Microsoft while maintaining Amazon as its fourth-largest position.
  • Ackman reiterated confidence in Amazon's potential for 20%+ annual earnings growth, powered by accelerating AWS cloud demand and retail margin expansion.
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AMZN price history

256.78 +13.48% over the displayed period

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