Bill Ackman’s Pershing Square revealed a sizable stake in Meta
on Wednesday.
“We believe Meta’s current share price underappreciates the company’s long-term upside potential from AI and represents a deeply discounted valuation for one of the world’s greatest businesses,” stated the fund’s annual investor presentation.
The position amounts to 10% of Pershing’s capital as of the end of 2025.
Meta shares are off by 16% over the last 12 months on fears it is spending too much on artificial intelligence. The company in its fourth-quarter earnings report in January projected AI-related capital expenditures to total in the range of $115 billion to $135 billion in 2026.
