A Billionaire Just Bet Big on This AI Stock. Should Investors Follow Suit?

Bill Ackman turned heads when adding a large position in Meta Platforms (NASDAQ: META) to his portfolio. The billionaire investor is well known for making big, concentrated long-term bets, and he took a roughly $1.8 billion position in the social media king in Q4 to make it his fifth-largest position. In an investor presentation, Ackman called Meta "deeply discounted" for one of the "world's greatest businesses." While many investors have been critical of Meta's current aggressive artificial intelligence ...