Ackman Doubles Down on Microsoft with $2.4 Billion Stake

Pershing Square's Bill Ackman has built a $2.4 billion stake in Microsoft, calling it a 'core holding' purchased at a 'highly compelling valuation.'

Ackman started buying shares earlier this year and the company now holds nearly 6.2 million shares of Microsoft stock.

Pershing Square's tech allocation has shifted significantly with the sale of its relatively small holding in Alphabet to load up on more Microsoft shares.

Ackman's faith in the tech sector is based on his belief that the artificial intelligence revolution will continue to intensify and drive customer demand for technology solutions.