Ackman reduces position in Google, criticized by Wall Street? This move is worth pondering.

Hedge fund mogul Ackman recently did something that sparked heated discussions—he reduced his position by 519,000 shares of Alphabet Class A stock in Q3, marking the largest move in his AI investment portfolio. However, Wall Street is not convinced: out of 66 analysts, none recommend selling, while 57 gave a "strong buy" or "buy" rating.

Data speaks: Alphabet Q3 revenue was $102.3 billion, a year-on-year increase of 16%; profit surged by 33% to approximately $35 billion. Gemini's daily active users exceeded 650 million, and Google Cloud accelerated growth due to the AI boom.

Ackman may be looking to realize profits (the stock price has risen significantly since building his position at the beginning of 2023), but he still holds $33 billion worth of Google shares. In the long term, with the wave of AI + Waymo's autonomous driving + the potential of quantum computing, the big player may just be adjusting his position, not being bearish.

What do you think? Is reducing position a smart way to take profit or is it missing the next wave?