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Alphabet Inc. · Communication Services
SpaceX is aiming to raise as much as $75 billion at a valuation of $2 trillion in its IPO. Alphabet was an early investor in SpaceX and stands to gain more than $100 billion.
Companies that were expecting cheaper capital to fund their AI investing efforts might now have to operate with greater efficiency. Higher-for-longer interest rates could pressure market sentiment, which can hurt valuations of AI stocks in different ways.
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Alphabet has emerged as an artificial intelligence (AI) leader. Google Cloud's growth justifies its massive capital expenditures.
Pershing Square Capital Management bought shares in these three dominant tech titans when their valuations became too attractive to ignore. With products and services that register robust demand and usage, these businesses stand to benefit tremendously from improving artificial intelligence (AI) capabilities.
It's the thing that has led it from being a laggard in AI to one of the likely biggest winners.
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WALKER JOHN KENT
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WALKER JOHN KENT
officer: President, Global Affairs, CLO
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WALKER JOHN KENT
officer: President, Global Affairs, CLO
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WALKER JOHN KENT
officer: President, Global Affairs, CLO
8,993 SH @ $0.00
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