Ackman "switches positions" in AI giants: clears out Alphabet (GOOGL.US), adds to Meta (META.US), should investors follow?

Zhito Finance APP has learned that Pershing Square Capital Management, led by billionaire and hedge fund legend Bill Ackman, has drawn attention with its moves this year: in the first quarter, it significantly reduced its stake in Google parent Alphabet (GOOGL.US, GOOG.US), and in the second quarter, it cleared out its remaining shares. Ackman made it clear that this was not a bearish bet on Alphabet, but rather a choice to shift funds toward other more attractive opportunities at current valuations.