Billionaire investors like David Tepper and Bill Ackman have been buying shares of Alibaba, Alphabet, and Microsoft due to opportunities in artificial intelligence. Tepper increased his position in Alibaba by over due to the stock being discounted after regulatory issues between the US and China. More than 10% of Bill Ackman's portfolio is now in Alphabet shares after the company addressed concerns about falling behind in generative AI. Optimism in AI has helped shares in these companies rise over the past year.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:02Billionaire investors like David Tepper and Bill Ackman have been buying shares of Alibaba,
00:07Alphabet, and Microsoft due to opportunities in artificial intelligence.
00:11Tepper increased his position in Alibaba due to the stock being discounted after regulatory
00:15issues between the U.S. and China.
00:18More than 10% of Bill Ackman's portfolio is now in Alphabet shares after the company addressed
00:22concerns about falling behind in generative AI.
00:25Optimism in AI has helped shares in these companies rise over the past year.
00:29For all things money, visit Benzinga.com.