Bill Ackman, founder and Chief Executive Officer of Pershing Square Capital, has explained why he sold his Alphabet (NASDAQ:GOOG) stock in favor of Microsoft (NASDAQ:MSFT).
Bill Ackman Explains His Thesis Of Selling Google Stock To Buy Microsoft
Earlier this week, we reported that Ackman had bought Microsoft shares, explaining that he believed that the company was compellingly cheap. He bought shares worth over $2 billion.
What he did not explain at the time was why he sold Google shares, which he had accumulated for months. In an X post, Ackman said that he was not betting against Google.
Instead, he believed that, at the current valuations, and because of his finite capital base, Microsoft offered better value. Ackman also noted that Microsoft was compelling because of its Azure business and its presence in the AI industry.
This post was originally published here
