Does Bill Ackman Know Something Wall Street Doesn't? The Billionaire Sells 2.2 Million Shares of a Popular Artificial Intelligence (AI) Stock

Bill Ackman sold Alphabet shares in the second quarter despite most analysts being bullish on the stock. Bill Ackman is the founder and CEO of Pershing Square Capital Management, a hedge fund that returned 22% annually over the last five years. By comparison, the S&P 500 (^GSPC 0.16%) returned 16% annually during the same period. That outperformance makes Ackman a good case study for aspiring investors. In the second quarter, Ackman sold 2.2 million shares of Alphabet (GOOGL 1.77%) (GOOG 1.66%), reducing hi ...