Alphabet Cloud Unit Grows 63% With $4.8 Trillion Valuation, Ackman Sells Stake
Investor Bill Ackman liquidated Pershing Square’s Alphabet shares to fund a Microsoft stake, though he affirmed bullishness on Alphabet. Alphabet’s market valuation hit $4.8 trillion as its cloud unit posted 63% revenue and 203% operating income growth, and OpenAI unified ChatGPT with Codex under Greg Brockman ahead of a potential IPO.
1. Ackman Rebalances Portfolio
Bill Ackman sold his long-held Alphabet shares at current valuations to fund a new Microsoft position, emphasizing he remains bullish on Alphabet’s long-term prospects.
2. Cloud Division Surge
Alphabet’s cloud unit reported 63% revenue growth and a 203% year-on-year operating income increase, contributing to its $4.8 trillion market valuation.
3. OpenAI Product Consolidation
OpenAI has merged ChatGPT, the Codex coding agent and developer API under Greg Brockman’s product strategy leadership ahead of a potential IPO, intensifying competition in AI services.