Billionaire Bill Ackman Sold a Long-Time Holding to Make Room for These 2 New Artificial Intelligence (AI) Stocks

Hilton has continued to execute well recently, expanding its portfolio and increasing customer loyalty. However, the market has caught up with it. Shares now trade for over 32 times forward earnings estimates. Ackman says he initially bought shares at just 23 times earnings estimates. At its current price, it may be worth waiting for the price to come back down before buying the stock. Instead, Ackman sees opportunities in AI stocks.The financial results followed suit. Revenue climbed 35% from $8.9 billion ...