US Stocks Today | Ackman’s Pershing Square bets big on Meta, leaving Hilton on AI optimism

Billionaire investor Bill Ackman has told clients that his hedge fund, Pershing Square Capital Management, bought shares in Meta Platforms late last year, betting that the tech company would benefit from the rapid adoption of artificial intelligence, according to information from Reuters.Ackman and his investment team, which returned 21% last year, also announced that the […]

Tech’s AI dreams scare investors

(Investorideas.com Newswire), a platform for big investment ideas including AI and technology stocks, publishes market commentary from deVere Group. Big Tech’s $660 billion increase in spending is raising concerns about the AI ​​bubble among investors — but those are short-sighted concerns, says the CEO of one of the world’s largest independent financial advisory organizations. The […]