Billionaire investor Bill Ackman compares current mega-cap tech valuations to Berkshire Hathaway’s dot-com era lows, citing AI growth potential.
Billionaire investor Bill Ackman argues Microsoft, Meta, and Amazon are undervalued, drawing parallels to Berkshire Hathaway’s 2000 lows before a 1,520% surge. Microsoft’s AI revenue has reached a $37 billion run rate despite a 11% year-to-date share decline.
Ackman’s thesis hinges on the dot-com bubble comparison, when Berkshire Hathaway was overlooked amid speculative internet stocks. He contends today’s mega-caps face similar skepticism while benefiting from AI adoption. Salesforce’s Agentforce annual recurring revenue hit $1.2 billion, up 205% year-over-year, underscoring AI’s expanding role.
Ackman warns niche software charging $30,000 annually risks disruption from AI, reinforcing his focus on scalable, AI-driven incumbents. His Pershing Square holds positions in Microsoft, Meta, and Amazon, reflecting confidence in their long-term AI integration.