Pan Xing disclosed a large-scale establishment of Meta to unveil the potential upside brought by the undervaluation of artificial intelligence in the market.

Bill Ackman's Pershing Square has announced that it has taken a large position in Meta. According to an investor presentation released on Wednesday, Pershing Square stated that as of the end of last year, its holdings in Meta accounted for approximately 10% of the investment management company's capital. This position was established at the end of November last year. The fund management company stated that investors who were concerned about Meta's significant expenditures in artificial intelligence underestimated the long-term upside potential of this technology. Pershing Square stated that since taking this position, Meta's stock price has risen.