Ackman and Pershing Boost Meta Positions as Company Launches $10B Data Center
Bill Ackman’s Pershing Square Capital boosted its Meta stake by $2 billion to roughly 10% of shares while also adding Meta alongside Hertz and Amazon and exiting Hilton and Nike. Meta also broke ground on a $10 billion Washington data center even as AI-driven software displacement cautions deflationary pressures and potential job cuts.
1. Activist Stake Increases
Bill Ackman’s Pershing Square Capital boosted its Meta stake by $2 billion, representing about 10% of shares outstanding. The fund also added Meta alongside Hertz and Amazon while exiting positions in Hilton and Nike during its latest portfolio realignment.
2. $10B Data Center Groundbreaking
Meta Platforms broke ground on a $10 billion data center project in Washington state to expand its AI infrastructure capacity. The facility will house advanced server farms designed to support growing demand for AI-driven features and metaverse development.
3. AI Software Displacement Warning
Fundstrat analyst Tom Lee warned that AI-driven automation is disrupting the $450 billion software industry, potentially triggering widespread job losses and deflationary pressure. He suggests these trends could push core CPI toward a 2.52% year-over-year rate and influence a more dovish policy stance by the Federal Reserve.