Bill Ackman Invests in Uber Amid Tech Stock Surge

Billionaire investor Bill Ackman has made a significant investment in Uber Technologies, with his hedge fund Pershing Square Capital Management acquiring 30.3 million shares valued at over $2 billion. Ackman praises Uber's management and believes the company is undervalued, highlighting its profitability and growth potential, particularly in autonomous driving and advertising. Meanwhile, another major AI investment involves Alphabet, which has seen increased investments from various billionaire investors due to its strong fundamentals and AI capabilities. The stock is considered a solid buy, with a promising future driven by its Gemini AI platform. Both investments reflect the current trend of billionaires focusing on tech stocks with robust growth prospects.