Key Points
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Fund manager Bill Ackman has 30% of his portfolio invested in Meta Platforms and Uber.
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Uber is well positioned to help autonomous vehicle companies commercialize robotaxis.
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Meta Platforms is using AI to drive ad spending across its social media properties.
Billionaire Bill Ackman, head of Pershing Square Capital Management, holds 27% of his assets under management in two AI stocks as of December. His portfolio includes 11% in Meta Platforms (NASDAQ: META) and 16% in Uber Technologies (NYSE: UBER).
Wall Street analysts have set ambitious price targets for both stocks, with Barton Crockett of Rosenblatt Securities predicting a target of $1,015 for Meta (implying 50% upside) and Mark Mahaney of Evercore setting Uber’s target at $150 (implying 100% upside).
Meta is reportedly seeing ad impressions grow by 12% and prices by 9%, while it anticipates earnings growth of 21% annually over the next three years. Uber projects earnings increases of 30% annually, aiming for 100,000 robotaxis on the streets by 2027, in cooperation with Nvidia and others.
