Billionaire Bill Ackman Has 14% of His Hedge Fund in 1 AI Stock That's Up 6,930%

Billionaire Bill Ackman, who follows an investment philosophy similar to Warren Buffett, has exposure in his Pershing Square Capital Management hedge fund to the artificial intelligence (AI) boom. That might go against his firm's usual focus of buying retail-based businesses.But since this particular company had its initial public offering in 2004, shares have risen 6,930% (as of July 9). Had you made a $1,000 investment in this top AI stock back then, you'd have about $70,000 today.Continue reading to learn what business this is and whether or not it should be in your portfolio.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool