Bill Ackman on AI: ‘Massively Increased the Risk of Disruption’
Bill Ackman shares his thoughts on how AI has made investments tougher to gauge.
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Microsoft drew bullish reactions from Ross Gerber and Jim Cramer after a strong quarter fueled by AI growth and execution.
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Bill Ackman shares his thoughts on how AI has made investments tougher to gauge.
Applied Materials and AMD offer different exposure to AI semiconductor demand. Applied Materials supplies chip manufacturing equipment with a lower valuation (P/E 23.4x) and improving growth trajectory, while AMD designs processors with faster 2025 revenue growth (34.3%) but faces potential shareholder dilution from OpenAI and Meta warrants covering ~20% of shares outstanding. The author recommends Applied Materials as the better buy, though both stocks have merit for long-term diversified portfolios.
Benevity, a leading enterprise social impact software provider, launched a new Microsoft Teams app to integrate employee donations and volunteering directly into daily work tools. The company also plans to introduce QR-code access for the estimated 2.7 billion workers without fixed desk jobs. This initiative aims to reduce participation barriers in corporate giving programs, which currently see participation rates of only 10.8-13.6% despite record overall volunteer engagement.
Arm and Credo Technology Group represent two different plays on AI infrastructure growth. Arm provides processor architecture for billions of devices with a durable royalty model and 22.8% revenue growth, while Credo offers high-speed connectivity solutions with explosive 205.7% revenue growth but faces customer concentration risk. The author recommends Credo for growth-focused investors despite higher risk, while Arm suits those seeking consistency.