Bill Ackman's Bet On Google Pays Off: Up $830 Million Since Q2

Legendary investor Bill Ackman made a big bet on Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), picking the company as one of the winners in the artificial intelligence space. The initial stake and increased position size in Alphabet have paid off nicely for Ackman in recent months.GOOGL is having a challenging session today. Find out why here.What Happened: Ackman took an initial stake in Alphabet in 2023 and has added to the position in the Pershing Square portfolio in recent quarters.In the second quarter, Ac ...