Ackman Sees Sustainable Growth Potential in Amazon Cloud Business
Pershing Square's CEO Bill Ackman owns a significant portion of Amazon's stock, with nearly 8.6 million shares valued at over $2 billion as of June.
Ackman believes investors are overly concerned about Amazon's capital expenditures, which he thinks is being channeled into sustainable growth activities, particularly in the company's cloud business, Amazon Web Services (AWS).
AWS has benefited from the adoption of artificial intelligence worldwide, with revenue growing from 20% in both 2024 and 2025 to over 30% so far in 2026.