00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bill Ackman disclosed that Pershing Square built a position in Microsoft
00:06after the stock declined following its fiscal second quarter earnings report,
00:10according to CNBC. Ackman said Pershing Square began buying shares in February
00:16at about 21 times forward earnings and called Microsoft a core holding.
00:21Microsoft shares have fallen more than 26% from their July 2025 record high amid concerns about
00:28AI competition and returns on AI spending. Ackman said investors have become overly concerned
00:34about Microsoft's AI position and Azure growth durability. Ackman compared the investment
00:40to Pershing Square's earlier purchases of Alphabet, Amazon and Meta during periods of AI related market
00:47skepticism. Pershing Square USA Limited recently began trading under the ticker PSUS and last
00:55traded at $41.68 below its $50 IPO price. For all things money, visit Benzinga.com.
