Pershing Square Holds Alphabet Stake as Google Captures 66% of $102.6B Cloud Market
Pershing Square Capital maintained its Alphabet stake acquired in 2023 as part of its Magnificent Seven bets, while investing in Meta and Amazon in 2025. Alphabet joined Amazon and Microsoft in controlling roughly 66% of the $102.6B quarterly global cloud infrastructure market.
1. Pershing Square's Alphabet Position
Pershing Square Capital’s Q4 13F filing confirms a continued stake in Alphabet acquired in 2023, representing part of the firm’s investments in the Magnificent Seven. The hedge fund also added positions in Meta and Amazon during 2025, diversifying its technology holdings.
2. Cloud Infrastructure Market Share
Alphabet joined Amazon and Microsoft in commanding 66% of global cloud infrastructure spending, which reached $102.6 billion in the latest quarter. This share underscores Alphabet’s significance in cloud services alongside AWS and Azure.
3. AI Rivalry at India Summit
Google CEO Sundar Pichai appeared at the India AI Impact Summit alongside OpenAI’s Sam Altman and Anthropic’s Dario Amodei, where a tense exchange highlighted fierce competition for AI leadership. The incident underscores the high stakes for companies vying to build the next generation of artificial intelligence platforms.