Group 1: Bill Ackman's Investment Strategy - Bill Ackman's hedge fund, Pershing Square Capital Management, has outperformed the S&P 500 by 7 percentage points in the last year and 19 percentage points in the last five years [1] - Currently, 30% of Ackman's portfolio is invested in two AI stocks: 9% in Amazon and 21% in Uber Technologies [2] Group 2: Amazon's Market Position and AI Integration - Amazon operates the largest online marketplace in North America and Western Europe, is the third-largest adtech company by revenue, and has the largest public cloud service, AWS [4] - Amazon is leveraging AI to enhance customer service, product listings, supply chain management, and developer productivity, with potential cost savings that could improve operating margins [5] - AWS holds a 30% market share in infrastructure and platform services, significantly ahead of Microsoft Azure at 20%, and is developing custom chips for AI applications [6] - Amazon is expanding its AI monetization efforts beyond e-commerce and cloud services, with its subsidiary Zoox set to launch autonomous ride-hailing services in Las Vegas by 2025 [7] - Wall Street anticipates Amazon's earnings to grow at 18% annually over the next three years, making its current valuation of 35 times earnings appear reasonable [8] Group 3: Uber's Competitive Advantages and Growth Potential - Uber leads the U.S. ride-sharing market with a 76% market share and holds a 24% share in the restaurant food delivery market, providing a competitive edge through data utilization [10] - The integration of ride-sharing and food delivery services within a single app allows for cost-efficient customer acquisition and cross-selling opportunities [11] - CEO Dara Khosrowshahi highlighted that autonomous vehicle technology represents a $1 trillion opportunity for ride-sharing platforms, positioning Uber favorably due to its scale [12] - Uber is forming partnerships with AV companies, connecting riders with Waymo and WeRide robotaxis in various cities, enhancing its potential in the emerging robotaxi market [13] - Wall Street projects Uber's earnings to grow at 26% annually over the next three years, supported by a ride-sharing market expected to expand at 21% annually through 2033, making its current valuation of 16 times earnings relatively attractive [14]