Microsoft Stock Jumps After Bill Ackman Reveals New Position – Yahoo Finance
This article first appeared on GuruFocus.
Microsoft (NASDAQ:MSFT) stock surged 2% on Friday after a report said billionaire investor Bill Ackman (Trades, Portfolio) added the software giant to Pershing Square’s portfolio.
Microsoft has lost more than 15% this year, even after closing at $409.43 in the previous session. Investors have been weighing heavy competition from Amazon and Google, along with Microsoft’s plan to spend $190 billion on capital projects in 2026.
Microsoft, meanwhile, still posted quarterly revenue of $82.89 billion, up 18% from a year earlier. Azure grew 40%, and the company also highlighted enterprise demand for its M365 Copilot tools, which it is selling for about $30 a user each month.
Ackman’s move fits his usual style of backing a small number of large companies when he sees a long-term opening. Microsoft’s recent weakness may have looked like that kind of setup, especially with AI demand still building and the stock trading around 21 times forward earnings.
